AMD is showing signs of strong bullish momentum after successfully bouncing off a key horizontal support level marked in red, established back in September and October 2023. This support proved reliable once again in March 2025, as the price tested it and reversed sharply to the upside.
Currently, AMD is trading near its monthly highs, demonstrating renewed buying interest. However, before a full-fledged buy signal is confirmed, one last technical barrier remains in play.
The green downtrend line, which has been guiding lower highs since October 2024, serves as the final resistance level before a potential breakout. If the price manages to close above this trendline, it would trigger a strong long-term bullish signal, opening the door for further gains.
For now, traders should monitor price action closely. A breakout above the green resistance would validate the bullish momentum and confirm AMD’s upward trajectory. Conversely, if the price fails to clear this resistance, a temporary pullback could be on the horizon before another attempt at an upside move.