Rigetti Computing (RGTI) shares are in the spotlight after a volatile trading session, dipping 2.76% to $10.91 on Monday following a 29% surge on Friday. The recent spike was primarily driven by the massive 40% rally in D-Wave Quantum (QBTS), which soared on news of a staggering 502% increase in Q4 bookings, reaching $18.3 million, alongside bold claims of quantum supremacy.
Technical Analysis – Where Is Rigetti Headed?
Currently, Rigetti Computing is trading near $10.56, just below key resistance at $10.93. If RGTI breaks above this level, we could see further upside.
- Resistance Levels:
- $10.93 – Immediate resistance a breakout could fuel a rally.
- $12.29 – Next target if bullish momentum continues.
- $15.19+ – A move above could trigger a new uptrend.
- Support Levels:
- $9.92 – Holding this level keeps the short-term bullish outlook intact.
- $7.04 – A deeper pullback could find buyers here.
- $5.92 – A breakdown below this would signal further weakness.
Final Thoughts – Quantum Boom or Bubble?
Rigetti Computing’s latest rally showcases the growing excitement around quantum computing stocks, but investors should remain cautious. The stock’s strong momentum and correlation with D-Wave Quantum (QBTS) suggest a short-term upside, but volatility remains a key risk. Whether RGTI will sustain its gains or fall victim to speculative hype depends on upcoming industry developments and investor sentiment.
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