Rigetti Computing (RGTI): Potential Buying OpportunityRigetti fails to hold the $9.80 support, it could continue its decline toward the $5.50 zone.
Till then we can see:
Rigetti Computing (RGTI) is at a pivotal moment, currently trading around $8.90 after a 56% drop from its $16 peak to a recent low of $7. The stock failed to hold the critical $9.80 support level, raising concerns about further downside pressure. However, this decline also presents a short-term buying opportunity before the next major move.
Short-Term Buying Scenario
If buying momentum picks up from $8.90, we could see a rebound toward $12–$13.
This level is a key resistance zone, and failing to break above $13 will confirm that the downtrend remains intact.
Bearish Breakdown Possibility
If RGTI struggles to hold $9.80 and fails to sustain the $12–$13 recovery, it would signal continued weakness.
This could trigger a further drop toward $5.50, and in a worst-case scenario, it could even reach $5.
Key Levels to Watch
$9.80 Support (Broken) → Previously a strong support, now acting as resistance.
$12–$13 Resistance → If RGTI fails here, it confirms further downside potential.
$5.50–$5.00 Support Zone → The next major target if bearish momentum continues.
Conclusion: Decision Point for RGTI
Rigetti Computing is at a critical turning point. A rebound from $8.90 toward $12–$13 is possible, but failure to break above this range will likely confirm the bearish trendline. If that happens, we could see another major drop to $5.50 or even $5. Investors should watch how the stock behaves around $12–$13, as this will determine the next big move.
