SNAP is sitting on its biggest support in years— a make-or-breakSnap Inc.BATS:SNAPDEXWireNewsSnap Inc. (SNAP) has spent the last two years in a slow, grinding consolidation after one of the largest boom-and-bust cycles in recent tech-stock history. Following its explosive rally to the $80 region during the 2021 tech mania, the stock collapsed sharply as advertising revenue weakened, interest rates surged, and competition from Meta and TikTok intensified. That sell-off pushed SNAP back to long-term support between $8 and $17 — the same zone that acted as a base in 2020. Today, price is still hovering around that level, suggesting the market is waiting for a major catalyst. Technically, this support zone remains the most important area on the chart. Every dip into the $8 range has attracted buyers, but momentum remains weak. The weekly RSI sits at 52, showing neutral momentum with no clear trend direction. Volume spikes throughout 2024–2025 signal heavy accumulation and distribution, showing that institutions are active but undecided. The longer price stays here, the bigger the next move will likely be. The bullish case is simple: if SNAP holds above long-term support and breaks above $10, the stock could attempt a recovery toward $15. That would require improvement in ad revenue, stabilization of user growth, and broader recovery in risk assets. On the other hand, a weekly close below $8 exposes new lows, at around $4, signalling that long-term holders are finally giving up. For now, the chart says one thing: equilibrium. Investors should continue watching the support zone, volume behavior, and any fundamental developments in digital advertising. Until SNAP breaks away from this range, the stock remains in a waiting game, but the compression suggests the next trend could be strong.