$MRNA – Long-Term Setup Brewing | Major Move Incoming?

Moderna (MRNA) may be gearing up for a multi-month reversal after a prolonged downtrend. Price action is compressing in a tight base, suggesting a potential 6+ month breakout could be in the cards.

📊 Key Technical Notes:

Trading near long-term support with signs of accumulation

Bullish divergence forming on RSI and MACD

Volume contraction hints at a volatility expansion ahead

Overhead resistance sits between $60–$80, aligning with previous breakdown levels from 2023

⚠️ Breakout Trigger: Watch for a decisive move above $29.50–$30 on volume. A sustained breakout could initiate a powerful move toward the $60–$80 resistance zone.

📍 Levels to Watch:

Breakout zone: $29.50–$30

Resistance targets: $60, then $80

Key support: $25–$26

🧠 This is a longer-term swing trade idea — ideal for patient traders looking to front-run institutional rotation into beaten-down biotech names.

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