Figma Jumps 6.67% On Bullish Reversal Signals Amid $67 Support Test

Candlestick Theory
The latest session for Figma displays a robust bullish candle with a 6.67% gain, closing near the high ($74.04) after bouncing from an intraday low of $67. This follows a hammer pattern on 2025-08-19 (low: $68.61, close: $69.41), signaling potential reversal after a sharp decline. Key resistance is established at $76.50–$77.00, aligning with the August 18th and 15th swing highs. Support emerges near $67.00–$68.60, validated by the August 19th–20th lows. The recent recovery suggests accumulation near the $67–$69 zone, though sustained momentum requires conquering the $76.50 resistance.
Moving Average Theory
Figma's short-term trajectory remains bearish as prices trade below key moving averages. The 15-day SMA (approximating 50-day) near $80.00 and 20-day SMA (approximating 200-day) near $85.00 act as dynamic resistance layers. The 5-day SMA (short-term proxy) at $71.65 offers tentative support, coinciding with the recent bounce. Bearish alignment persists with the 5-day SMA below the 15-day and 20-day SMAs, reflecting ongoing downward pressure. A bullish crossover between 5-day and 15-day SMAs would signal trend reversal potential but remains absent.
MACD & KDJ Indicators
MACD shows slight bullish divergence: while prices hit $67 on August 20, the MACD histogram printed a higher low than August 19, suggesting waning downward momentum. The KDJ oscillator exited oversold territory (K-line: 29 → 42; D-line: 26 → 35) after the $67 rebound, supporting near-term recovery potential. However, K-D values remain below 50, and MACD lines linger in negative territory, indicating the broader trend is still bearish. Confluence exists in the momentum shift but requires confirmation via KDJ surpassing 50 and MACD crossing above its signal line.
Bollinger Bands
Figma’s volatility remains elevated with bands contracting modestly following the August 6th–14th expansion period. The recent close near the lower band ($65–$67) was followed by an upside reversal, reflecting typical mean-reversion behavior. Price now tests the mid-band (~$73.50), with the upper band near $87.00 acting as major resistance. Continued band contraction would precede a decisive breakout. The bounce from the lower band supports tactical bullishness, though a close above the mid-band is necessary to strengthen this view.
Volume-Price Relationship
High-volume selloffs (e.g., August 4: 56.3M shares, -27.38%) confirmed bearish momentum, while the August 20 recovery occurred on above-average volume (8.54M shares vs. 30-day avg ~9.5M), lending credibility to the rebound. However, volume during the $67–$74 ascent was 11% lower than the prior session’s sell-off volume, raising sustainability concerns. Accumulation is evident near $67–$69, but follow-through buying with amplified volume is critical to validate reversal prospects.
Relative Strength Index (RSI)
RSI rebounded sharply from oversold territory (28 on August 19 to 42 on August 20), aligning with the price recovery. While oversold conditions triggered a bounce, RSI remains below 50, reflecting residual bearish momentum. A divergence emerged as RSI’s August 20 low (28) exceeded the price’s new low ($67 vs. prior $68.61), hinting at waning downward strength. Conclusively breaking above the 50 RSI threshold would signal improving momentum.
Fibonacci Retracement
Applying Fibonacci to the dominant downtrend from $142.92 (July 31 high) to $67 (August 20 low), key retracement levels emerge: 23.6% ($85.00), 38.2% ($96.80), and 50% ($104.96). The recent bounce stalled near the 23.6% level ($76.16 on August 18), reinforcing its resistance significance. Confluence exists at $85.00, where the 23.6% Fib coincides with the July 31 low and 15-day SMA. Sustained trading above $76.00 opens the path to test $85.00, though the 38.2% level remains a formidable barrier amid the broader downtrend.
Confluence & Divergence Summary
Confluence exists for a tactical rebound: KDJ and RSI exited oversold zones alongside a bullish MACD divergence, reinforced by volume-backed reversal candles and a Fibonacci-defended bounce from $67. Key resistance confluences cluster at $76.50 (price structure), $85.00 (Fibonacci/SMA), and $87.00 (Bollinger upper band). Notable divergence arises between improving momentum oscillators and the unresolved bearish moving average alignment, warranting caution. A decisive close above $76.50 would strengthen reversal prospects, while failure risks retesting $67 support.