Nu Holdings Surges 8.79% to $13.425 Amid Strong Bullish Momentum

Candlestick Theory
Recent price action for Nu Holdings shows significant bullish momentum, culminating in a decisive 8.79% surge on June 24, 2025, closing near the session high ($13.425) after testing support at $12.54. This session formed a robust bullish candle following two prior green days, suggesting accumulation. Key resistance is established at the $13.48–$13.73 zone (May 14–15 highs), while support emerges near $12.30–$12.54, reinforced by June 11 and June 23 lows. The March 14 hammer low ($10.98) and February 21 capitulation candle ($10.82) define critical long-term floors. Confluence exists at $13.50, where horizontal resistance aligns with psychological barriers.
Moving Average Theory
Nu Holdings exhibits a bullish near-term trajectory, with the 50-day MA trending upward and the price ($13.425) holding firmly above it. The 100-day MA near $12.60 and the 200-day MA near $12.90 now act as dynamic support layers. The 50/100-day MA convergence in late May preceded the current rally, signaling strengthening momentum. However, the 200-day MA slope remains neutral, reflecting unresolved longer-term trend direction. A sustained break above $13.73 could accelerate bullish momentum by confirming a multi-timeframe trend alignment.
MACD & KDJ Indicators
The MACD histogram shows expanding bullish momentum, with the signal line crossing above the baseline in mid-June, coinciding with the price rebound from $11.99. Current MACD positioning suggests upside potential remains intact. The KDJ oscillator validates this view: K-line (78.6) and D-line (73.2) are elevated but not yet overbought, while the J-line (89.1) indicates strong upward pressure. However, bearish divergence emerged in May when price peaked at $15.96 while KDJ formed a lower high, warranting caution near current resistance levels.
Bollinger Bands
Volatility expanded sharply during the June 24 surge as price pierced the upper band ($13.40), typically signaling overextension. Band width contracted notably in early June before the breakout, suggesting a volatility squeeze resolved bullishly. Price now trades near the upper band, indicating stretched short-term conditions. A reversion toward the 20-period midline ($12.60) would offer healthier consolidation. Band support converges with moving averages at $12.50–$12.60, creating a high-probability demand zone.
Volume-Price Relationship
The June 24 rally occurred on 114.4M shares – the highest volume since February 21 – confirming institutional participation. Up days since June 11 consistently show higher volume than down days (e.g., June 11: 85M shares vs. June 12: 66M), validating accumulation. The February 21 sell-off climaxed on extreme volume (164M shares), likely marking a long-term bottom. Current volume expansion supports continuation, though sustainability requires persistent turnover above 80M shares.
Relative Strength Index (RSI)
The 14-day RSI (calculated at 65.8) approaches overbought territory but hasn't breached the 70 threshold. Earlier in May, RSI peaked at 72 before the sharp correction, creating a cautionary reference point. The current reading suggests room for further upside, but repeated tests of 70 without consolidation may trigger reversals. Bullishly, RSI held above 40 during June's pullback, indicating resilient momentum.
Fibonacci Retracement
Applying Fibonacci to the dominant swing low ($9.01 on April 4) and high ($15.96 on November 14) reveals critical levels. The 61.8% retracement ($11.85) held as support in late May and early June, preceding the current advance. Current resistance clusters at the 38.2% level ($13.32) and 23.6% level ($14.12). Confluence exists at $13.50 (horizontal resistance and 38.2% Fib), making it pivotal for bullish continuation.
Confluence & Divergence Observations
Strong confluence supports the bullish case near $12.50 (50/100-day MAs, Bollinger midline, volume-weighted average). Multiple indicators align at $13.50 resistance (Fib 38.2%, prior price highs, Bollinger upper band). Notably, MACD/KDJ momentum diverged bearishly at the November peak but show no such divergence currently. However, the RSI’s failure to reach overbought during June’s rally contrasts with May’s peak, suggesting unfinished upside. Key risk remains volume sustainability – diminishing turnover near resistance could signal exhaustion. Probable near-term consolidation is favored before testing $13.73, with breaks above targeting $14.12 (Fib 23.6%).