$NEBIUS(NBIS)$ has been consolidating for the past six weeks, and it just got a massive bullish catalyst! 🔥
This past Monday, Goldman Sachs ($GS) initiated coverage with a "Buy" rating and a $68 price target, citing significant AI-driven upside and a potential ~50% return! Talk about a vote of confidence!
This news sparked an impressive ~17% intraday rally on Monday, and $NEBIUS(NBIS)$ wrapped up the week with a strong +19% gain! What's even better? Any dips over the past couple of days have been quickly bought up, showing strong investor interest.
The sudden daily dip earlier in the week effectively ridded out weak holders, which means what's left is conviction!
Here’s what the current data and charts
- NBIS already hit a new all-time high of $56.16 on July 17, 2025, but quickly pulled back and closed at $52.79 on July 18.
- Trading volumes were heavy on the breakout attempt, signaling strong interest—but the gains weren’t sustained, likely due to profit-taking and resistance around the $55–$56 zone.
- Technicals still suggest *bullish momentum*: 14-day RSI is around 60 (not yet overbought), and the 50-day moving average is far below at $43, indicating the uptrend is healthy.
- Support lies around $51–$52, and as long as NBIS holds above this level, most analysts think another push toward the highs is likely soon.
- Short-term forecasts and sentiment from analysts remain positive, with target prices ranging from $62–$66 in coming weeks.
In summary: Another attempt at the highs looks likely, especially if NBIS stays above support and market sentiment holds up. 📈
Are you planning to trade the next breakout or prefer to wait for clearer direction?
Keep $NBIS on your radar! This could be one to watch closely. 👀
@TigerObserver @Tiger_comments @TigerStars @Daily_Discussion @TigerPM
Comments