Palantir Technologies Stock Soars Past $70: Can the Rally Keep Momentum?

Summary:
• Palantir Technologies soars past $70—what’s next? Explore key resistance levels, future targets, and whether this rally can keep momentum.

Palantir Technologies (NASDAQ: PLTR) surpassed the $70 threshold. As predicted in my previous article, this rally has continued to gain momentum, but the big question remains: Can it sustain this upward trajectory, or is a correction on the horizon?

Palantir Technologies Key Levels to Watch

Immediate Resistance
Palantir is now approaching the $73.01 resistance level, a critical hurdle that could determine whether the rally continues. A breakout here would open doors to higher levels, with the next target around $76.00.

Support Zones
On the downside, the nearest support lies at $65.79, followed by $58.63. These levels will be key if the stock experiences any short-term pullbacks.

Can the Rally Continue?

Here’s what traders should consider:

• Bullish Scenario:
  A decisive breakout above $73.01 could propel the stock toward the $76.00 mark, with analysts projecting long-term potential as high as $85.00.
• Bearish Scenario:
  If Palantir fails to sustain momentum and drops below $65.79, it could test lower support levels, presenting a potential buying opportunity for long-term investors.

Final Thoughts

Palantir is on a remarkable run, but here’s the thing—no wave lasts forever. Will PLTR break through resistance and ride the momentum to new highs, or will it wipe out and retreat to calmer waters?