Usman Salis
⬤ Zeta Global is catching trader attention after months of brutal selling across software stocks. Following what analysts describe as a "massive drawdown" in SaaS names, ZETA appears to be forming a base at what many consider heavily discounted levels. Prices below $25 are viewed as particularly attractive entry points, with a minimum $66 target projected for the next market cycle.
⬤ The technical setup shows ZETA climbing out of a steep decline and settling into a broad consolidation range that looks like classic base-building behavior. The stock is currently testing a 1.618 support zone after a steep drop, while the chart maps multiple Fibonacci retracement levels across the current trading zone. The recovery roadmap sketches a multi-stage advance toward higher ground, with the upper target band sitting around the 1.618 extension near $66.02, potentially stretching to the 1.886 level around $75.20—numbers that line up with the analyst's $66 floor target.
⬤ The $25 mark functions as a critical threshold in this thesis, representing the line between deep value and capitulation. Earlier price action showed wild swings before finally settling down, with some traders noting rejection at a key monthly bull market support band. This mirrored the broader chaos that hammered SaaS valuations across the board. The analyst's view centers on the idea that beaten-down software names often move together when a new cycle kicks in, and ZETA could ride that wave higher.
⬤ This matters because heavily sold software charts frequently become bellwethers when market sentiment shifts back toward growth. Technical analysts are watching a bullish pattern developing with an upside target framework that could accelerate if broader conditions improve. If ZETA can defend its current base and avoid breaking down, traders will be watching whether the stock can shift gears from sideways chop into the kind of sustained uptrend the chart projects—a move that could validate the multi-leg recovery scenario and bring that $66 target into play.
Usman Salis
