NIO Price Rebounds After Aggressive Morning Sell-Off — Can the Stock Hold $6.30?

It was a wild ride for NIO investors today, with the stock experiencing one of those dramatic intraday swings that can test even the most seasoned traders’ nerves. What started as a brutal morning sell-off turned into an afternoon recovery story, leaving many wondering whether this bounce has staying power or if it’s just a temporary reprieve before more downside.

NIO Price Hit Hard by Morning Sell-Off

NIO got hammered right out of the gate, with big sellers unloading shares and driving the stock down hard. The beating was swift and brutal – NIO dropped from above $6.45 all the way down to $6.05, wiping out nearly 7% of its value in just a few hours.

Market analyst @DCDOWORK pointed out that this wasn’t just random selling. Large players were actively pushing the stock lower, likely trying to capitalize on short positions. It’s a classic example of how growth stocks like NIO can get crushed when heavy volume meets concentrated selling pressure.

NIO Price Recovery Gains Traction

Around 11:30 AM, things started to turn around. The selling dried up and buyers began stepping in, creating a steady climb back toward $6.30. While NIO didn’t manage to close in the green, the recovery showed that plenty of investors were willing to scoop up shares at these lower levels.

This bounce back gave some hope that NIO still has solid support when it hits key price levels, suggesting the selling might have been overdone.

The big question now is whether NIO can hold that $6.20–$6.30 support zone. If it does, we could see the stock test the $6.35–$6.40 resistance area again, and maybe even make a run toward $6.50 if momentum really picks up.

But if NIO can’t hold this support, things could get ugly fast. A break below could send the stock tumbling back toward $6.10 or even $6.00, making this a make-or-break moment for the EV stock’s near-term prospects.