Alphabet stock struggles to break $200 as signs of fatigue emerge

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Sholanke Dele

06.08.2025

Alphabet stock struggles to break $200 as signs of fatigue emerge — Alphabet stock forms triple top in bullish trend

Alphabet Inc. [GOOGL] stock showed signs of exhaustion on Tuesday after extending Monday’s strong upside move.

The stock rose 1.47% intraday, climbing from Monday’s close near $195.05 to a session high of $197.86. The rally placed GOOGL just shy of the $197.95 double top resistance formed in late July, a level many traders had been eyeing for a potential breakout toward the $200 mark.

- Alphabet formed a bearish daily Doji after rejecting $197.95 resistance

- GOOGL trades flat near $194.94 in premarket as bulls struggle to reclaim momentum

- GOOGL stock RSI remains bullish and $191.55 stands as key downside support

However, the upside momentum faded as the session progressed. GOOGL reversed all its early gains and closed lower than its opening price, forming a bearish Doji on the daily chart. This type of candlestick is often interpreted as a signal of waning buying pressure and possible exhaustion at the top of an extended move. The rejection at a key technical level has now created a triple top formation, further emphasizing the difficulty the stock faces in breaking above the $198 barrier.

GOOGL stock price dynamic (July 2025). Source: Tradingview

Despite Tuesday’s bearish reversal, Wednesday’s premarket activity has been relatively stable. GOOGL is trading around $194.94, with no immediate follow-through on the previous session’s selling pressure. This flat premarket performance suggests that traders are waiting for confirmation during the cash session, which typically brings more volume and clearer direction.

Alphabet RSI remains bullish across timeframes despite bearish candlestick print

From a trend perspective, GOOGL remains structurally bullish. The RSI across hourly, daily, and weekly timeframes continues to sit in bullish territory, indicating that momentum has not yet flipped bearish despite the recent pullback. The stock has been in an uptrend since April, and until key support levels are breached, bulls may view this dip as a healthy pause rather than a trend change.

The key downside level to monitor is $191.55, which marks the nearest strong support. If price declines into this zone, it may attract buyers looking to re-enter at lower levels. A sustained move below this support, however, would shift attention toward broader retracement targets.

On the upside, the $197.95 level remains the gatekeeper to the $200 mark. A clean break and close above this triple top formation could revive bullish sentiment and open the door for a run toward February’s high. Until then, the market remains in balance between bullish momentum and overhead resistance.

Alphabet rose after bouncing off $188 support but lacked strong volume to support the move. GOOGL stock hit $195, but price action stayed flat as RSI turned bullish on low conviction.

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