Meta shares are up about 1.3% and trading at their highest level since July 15, pushing into a resistance zone between $685.16 and $690.24 that has acted as support and resistance since March and April 2025. The stock broke above a downward-sloping trendline yesterday, but a further advance now depends on clearing that zone and the 61.8% retracement at $690.38.
Meta is trading higher by about 1.3% and reached its highest level since July 15. The move follows a break above a downward-sloping trendline on the hourly chart, with buyers adding follow-through momentum today.
That advance has now run into an important resistance area, and buyers and sellers will likely battle it out for control. A move above is more bullish; staying below keeps sellers in play.
Meta tests the $685 to $690 resistance zone
The daily chart shows a long history of price reactions between $685.16 and $690.24, an area that has acted as both support and resistance going back to March and April 2025. The importance of the zone is increased by the 61.8% retracement at $690.38, which sits just above the swing area and creates technical confluence.
The high today reached around $685, testing the lower portion of that resistance zone before backing off modestly.
What buyers need to do
Buyers have made progress by breaking the downward-sloping trendline and adding follow-through buying. The next step is more difficult: the price must clear the full resistance area and remain above the 61.8% retracement at $690.38.
A sustained move above that level would clear the repeated swing area, break above the retracement, and give buyers more control, opening the door for additional upside momentum. Moving above resistance is the first step; staying above it would confirm the breakout.
What would give sellers more control
If Meta cannot break through the $685.16 to $690.38 area, sellers remain in play. The first downside risk for buyers is the underside of the broken trendline near $664. Below that level, the 50% retracement at $657.90 becomes the next support target.
A move back below those levels would weaken the bullish momentum and raise the possibility that the trendline breakout has failed.
Source: Investinglive
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