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Meta Platforms Inc. (NASDAQ: META) is under heavy fire after plunging nearly 9%, its sharpest single-day decline in months. Trading at $531.62, the stock has broken through multiple critical support levels, raising fears of a broader bear market for one of tech’s biggest names.
This dramatic selloff comes amid broader pressure on big tech stocks, and Meta’s latest technical breakdown has sparked panic across retail and institutional circles alike.
Technical Analysis: META Faces Breakdown Below $540 Zone
Current Price: $531.62
Resistance Levels:
- $550.52 – Rejection point breached during selloff
- $603.28 – Former support turned resistance
- $638.13 – February 2025 top before reversal
- $676.23 – Macro ceiling for the last 6 months
Support Zones:
- $508.57 – Immediate demand zone to watch
- $499.69 – Psychological round-number floor
- $450.81 – Major long-term support from October 2024
What Triggered Meta’s Stock Crash?
A single event didn’t drive Meta’s 8.96% stock plunge but rather a combination of bearish forces. A broad tech sector rotation has seen investors flee high-growth stocks in favour of defensive plays amid interest rate uncertainty.
At the same time, concerns over slowing ad revenue in Q1 and a cooldown in AI-related hype have raised questions about Meta’s near-term growth. The break below the key $550 support level technically intensified the selloff.
Meta Stock Outlook
Meta’s sharp 8.96% decline marks a critical moment for both the stock and the broader tech sector. Whether this downturn extends into a full-blown bear phase depends on how the stock behaves around the $500 level in the coming sessions.