Palantir Share Price Dips Below $86 as Bulls Lose Grip – Is the AI Rally Over?

The Palantir Technologies (PLTR) share price slipped to $85.85 on Monday, losing steam below the key $98.78 resistance zone. After a meteoric rally fueled by artificial intelligence (AI) optimism and defence tech demand, Palantir shows signs of exhaustion, sparking speculation about whether the AI rally is running out of steam.

The recent price action indicates consolidation, with bulls struggling to defend the short-term support at $84.55.

PLTR Stock Technical Analysis

• Immediate resistance is now at $98.78, with further upside capped by $111.74 and the recent high at $125.38.
• Support zones to watch are $84.55, followed by $81.34 and $75.27.
• MACD is showing early signs of flattening momentum, with a mild bullish crossover fading.
• RSI at 46.51 indicates neutral territory but points lower, hinting at more consolidation ahead.

Despite recent weakness, Palantir’s long-term uptrend remains intact — but a break below $81 could shift sentiment sharply bearish, especially if volume increases on the downside.

Final Take: Can Palantir Stock Bounce Back in April?

The Palantir share price is dancing on a tightrope near the critical $84.55 support level, with volatility fueled by shifting sentiment around AI infrastructure, defense contracts, and Q2 earnings forecasts. As markets roll into April 2025, traders are repositioning and locking in profits, especially across high-flying AI stocks like PLTR.

The PLTR stock forecast for April 2025 remains cautiously bullish, but momentum must return fast. For now, it’s a waiting game, and the chart will tell us who takes control next.

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