Nu Holdings Rises 0.42% Amid Technical Resistance At $12.25

Nu Holdings (NU) edged up 0.42% to $11.97 in the latest session, closing near the middle of its daily range ($11.83 - $12.25) amid moderate volume. The following technical analysis synthesizes key indicators to assess potential price trajectories.
Candlestick Theory
Recent sessions show Nu Holdings consolidating between $11.71 and $12.25, forming multiple rejection candles at the upper boundary. The 2025-06-10 session printed a small-bodied candle with a long upper wick, signaling persistent selling pressure near $12.25 resistance. A cluster of lows around $11.71–$11.85 (tested on 2025-05-30 and 2025-06-04) establishes immediate support. A decisive close above $12.25 would indicate bullish reversal potential, while a breakdown below $11.71 may trigger accelerated selling toward $11.24.
Moving Average Theory
The 50-day moving average (hovering near $12.10) and 100-day MA (approximately $12.40) both slope downward, reinforcing intermediate-term bearish pressure. The 200-day MA (~$12.60) maintains a neutral-to-negative inclination, reflecting persistent overhead resistance. Current price action below all three key MAs suggests sustained bearish dominance. A bullish reversal would require reclaiming the 50-day MA with conviction, though the descending sequence (50 < 100 < 200-day) currently signals entrenched weakness.
MACD & KDJ Indicators
MACD shows a tentative bullish crossover, with its histogram turning positive for the first time in three weeks, suggesting waning downward momentum. However, both MACD lines remain below the zero line, indicating overall bearish bias. KDJ oscillators (with %K at 42 and %D at 38) are rising from oversold territory but have yet to breach the 50 midline. This divergence hints at short-term momentum recovery, though the lack of KDJ bullish crossover confirmation warrants caution. Confluence exists in nascent bullish momentum signals, but trend confirmation requires further improvement.
Bollinger Bands
Bollinger Bands have contracted 15% over the past month, reflecting narrowing volatility as price oscillates near the 20-day moving average (centered at $12.00). The current squeeze between $11.71 (lower band) and $12.25 (upper band) implies an impending volatility expansion. Price rejection near the upper band on 2025-06-06 and 2025-06-10 underscores persistent resistance. A decisive band break—preferably with volume expansion—would signal the next directional phase, with $11.71 acting as a critical downside trigger.
Volume-Price Relationship
Recent volume trends raise sustainability concerns for rallies. The 2025-06-05 advance (1.42% gain) saw robust volume (51M shares), but subsequent up days faded on lower turnover (38.8M shares on 2025-06-10). Distribution patterns emerged during the May sell-off (e.g., 112M shares on 2025-05-14 decline). Current consolidation occurs on diminishing volume, suggesting hesitation. Bullish validation would require volume expansion above the 50-day average (~45M shares) on upside breaks, while low-volume breakdowns may trap sellers.
Relative Strength Index (RSI)
The 14-day RSI (45.2) is neutral, rebounding from oversold conditions but lacking bullish conviction. It has not surpassed 55 since mid-May, reflecting persistent bearish momentum. Notably, RSI formed a positive divergence at the 2025-06-04 low ($11.85 versus the 2025-05-30 $11.71 low), signaling weakening downside pressure. While RSI alone provides limited signals, its convergence with MACD and KDJ suggests nascent stabilization. Traders should monitor for sustained holds above RSI 50 to support reversal potential.
Fibonacci Retracement
Applying Fibonacci to the recent downswing (peak: $13.73 on 2025-05-14; trough: $11.71 on 2025-05-30) reveals critical levels. The 38.2% retracement ($12.28) aligns with the June consolidation ceiling, while the 23.6% level ($12.00) capped intraday rallies this week. Nu Holdings has struggled to sustain gains above the 23.6% barrier, indicating bearish inertia. A breach of $12.28 (38.2%) would open a path to $12.76 (61.8%). Conversely, failure at $11.71 (swing low) may extend declines to the 100% projection at $10.77.
Confluence and Divergence Assessment
Strong confluence exists around $12.25–$12.30, where candlestick resistance, the 50-day MA, 23.6% Fibonacci, and Bollinger’s upper band converge. Multiple rejections here underscore this zone’s technical significance. Conversely, $11.71–$11.85 unites Bollinger support, swing lows, and the 38.2% Fibonacci retracement of the broader March-May rally. Bullish divergences in MACD, RSI, and KDJ at recent lows suggest weakening downside momentum, though these lack confirmation from volume or moving averages. The primary divergence remains between improving momentum oscillators and the bearish moving average structure, warranting vigilance for false breakouts.
Probabilistic Outlook
Nu Holdings exhibits short-term stabilization signals within a broader bearish structure. The confluence of resistance near $12.25–$12.30 and support at $11.71–$11.85 frames a high-probability breakout zone. A volume-backed close above $12.30 may trigger short-covering toward $12.76, while failure at $11.71 risks a slide to $11.24. Traders should watch for expanding volatility and volume to validate directional shifts, with momentum oscillators suggesting limited near-term downside barring new catalysts.