Artem Voloskovets
⬤ Zeta Global Holdings Corp just punched through a major resistance level on the weekly chart after months of consolidation. ZETA's now trading above its previous highs, and that's a big deal—it signals the stock's moving into fresh territory. The breakout came after a long period of sideways action, and now the question is whether this move has legs or if we'll see a pullback to test support.
⬤ Looking at the weekly timeframe, ZETA spent most of 2023 and early 2024 building a solid base. Instead of collapsing after its earlier rally, the stock held firm and formed a higher low—textbook accumulation. The recent push above $22 marks the official breakout from that range. What used to be resistance around $20–$22 should now flip into support if this trend is real.
⬤ The $20–$22 zone is critical right now. If ZETA pulls back and bounces off this level, it validates the breakout and keeps the bullish case intact. If it holds, the next resistance sits around $38, with a longer-term target near $54 if momentum continues. But if support fails here, expect the stock to slip back into consolidation mode.
⬤ Weekly breakouts like this tend to stick around longer than short-term pops. ZETA staying above former resistance would confirm growing confidence in the uptrend. On the flip side, losing the $20–$22 zone would signal the breakout might've been premature. How price reacts at this level over the next few weeks will tell us whether this is the start of something bigger or just another fake-out before more sideways chop.
Artem Voloskovets
