Netflix’s stock is nearing a significant psychological resistance level at $700, a price that has previously triggered major sell-offs. After a remarkable growth trajectory, the stock has been hovering around this level for two months, creating a tense standoff between bullish and bearish sentiment. A successful break above $700 could signal a strong upward trend, while failure to break through might lead to another decline. This article analyzes the potential impact of this resistance level on Netflix’s stock performance.