Oracle (ORCL) Hits Major Support Zone —Big Rebound or Breakdown?Oracle CorporationBATS:ORCLDEXWireNewsOracle Corporation (NYSE: ORCL) is entering a critical phase as the stock pulls back sharply from its recent high at $345. The retreat brings ORCL back toward a long-term trendline that has acted as structural support and resistance for almost three years. Whether the stock holds this trendline or loses it will determine the next major move. Technically, ORCL is testing the support zone at the ascending trendline, around $222. This region marked the prior ascending resistance that the stock broke above in 2024 during its strong cloud-driven rally. If bulls defend this level and volume stabilizes, ORCL could rebound and retest the $350 region. A clean hold above the trendline keeps the long-term bullish structure intact. However, a failure to hold $222 could trigger a deeper slide toward the major support around $135–$145, a level where institutions accumulated heavily in 2022–2023. This zone also aligns with a large volume shelf, making it the next downside magnet if sellers remain in control. Fundamentally, Oracle remains well-positioned despite the recent correction. Strong demand for its AI-optimized cloud solutions, growing adoption of Oracle Cloud Infrastructure (OCI), and continued expansion of its healthcare data platform (Cerner) support long-term revenue growth. Oracle is one of the few cloud companies benefiting from rising enterprise AI spending as businesses shift toward more efficient data-first solutions. Macro conditions may also influence price action. With expectations of Fed rate cuts in December and cooling inflation, tech valuations could stabilize and attract renewed capital flows. Lower borrowing costs historically benefit high-growth software companies, and ORCL could see momentum return once macro pressures ease. Overall, ORCL sits at a crucial technical zone. Holding the long-term trendline keeps the bullish path alive; breaking below opens the door to deeper downside. The next few weeks will determine the stock’s trajectory into 2025.