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Bureaucratic friction once again holds back the social media giant's expansion ambitions on the global AI stage. Industry reports in the past 24 hours confirm that Meta's smart assistant and LLM deployment plans have run into another privacy compliance delay wall in European jurisdictions. Amid high corporate capital expenditures (CapEx) allocated to data centers, this monetization lag triggers investor anxiety regarding capital return efficiency, forcing its tokenized equity proxy (METAx) to lose bullish momentum. Technically, the daily chart records the price creeping down below its moving average lines. On the 1-hour chart, the price is stranded sideways in a passive zone at $618.27. The absence of aggressive institutional buying interest is projected to cause the price to continue sliding slowly to sweep lower liquidity, testing the nearest support floor at the $590 target with a maximum technical recovery limit capped at $635 over the next 3 days.
Mega-cap tech equity sentiment can reverse instantly via unexpected share buyback program announcements. If management executes a capital intervention that pumps the price jumping past the $650 watch resistance wall, this corrective structure will be invalidated.
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