Verified Investing on $RDDT (Oct 26, 2026)
RDDT is breaking key technical levels: Friday's breakout closed below its upward trendline and today's sell orders exceed the 135 pivot, with a close below it needed to confirm the breakdown. Next support is the March low around 120, where a bounce is expected.
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Reddit. Reddit is declining today. Hmm, I don't see any huge news regarding "Reddit", but we are breaking some key levels here. Therefore, Reddit had been trading along this upward trend line for quite some time .
The "head and shoulders" pattern didn't quite form, but we finally saw that breakout on Friday. Close below the level. Today, there are significant sell orders even exceeding this pivot point around 135.
We will see if we can close below it and ultimately confirm that .
The next support level for Reddit, for me, is this lower pivot point from March. This is the lowest level we have reached all year. Isn't that so? The 52-week lows are here around March.
So, if we drop to the 120 level , I expect a bounce.
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