Meta faces key test as shares approach $690 resistance zone

Meta shares rose roughly 1.3% on Tuesday, hitting their best level since July 15. The gain follows Monday's climb above a falling trendline on the hourly chart, with buyers continuing to push prices higher. That broken trendline now serves as nearby support.

But the rally has reached a crucial resistance zone where a battle between buyers and sellers is likely. A breakout above would strengthen the bullish case, while a failure would keep sellers in control.

Meta is testing the $685 to $690 resistance area.

On the daily chart, price action has repeatedly reacted to the $685.16 to $690.24 range. That zone has functioned as both support and resistance since March and April 2025.

The 61.8% Fibonacci retracement at $690.38 adds further importance, sitting just above the trading range and creating technical confluence.

The session high reached around $685, testing the lower end of that resistance before pulling back modestly.

What do buyers need to do?

Buyers have achieved progress by breaking the downward-sloping trendline and following through with additional gains.

The next step is tougher. The price must clear the entire resistance zone and stay above the 61.8% retracement at $690.38.

A sustained move above $690.38 would:

• Breach the repeated swing area.
• Exceed the 61.8% retracement.
• Increase buyer control.
• Open the path for further upside.

Clearing resistance is the first step. Staying above it would provide stronger confirmation that the breakout is genuine.

What would give sellers more control?

If Meta cannot push 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, the 50% retracement at $657.90 becomes the next support level.

A drop back below those levels would weaken bullish momentum and suggest the trendline breakout may have failed.

Trading education: Why confluence matters

Confluence occurs when multiple technical tools point to roughly the same price area.

For Meta, the resistance is reinforced by:

• A repeated swing area between $685.16 and $690.24.
• The 61.8% retracement at $690.38.
• Historical highs and lows around the same zone.

That does not guarantee the resistance will hold. It does signal to traders that this is a key decision point where both sides may become more active.

Traders should identify the levels that define the bias and wait for price action to provide the next clue.

For Meta, the path is clear. Move above and stay above $690.38, and buyers gain more control. Stay below the resistance zone, and the risk remains for a pullback toward the broken trendline near $664 and the 50% retracement at $657.90.