Roblox (RBLX) shows big upside potential

Roblox (RBLX) sets up for a major breakout above its late 2021 new-issue hype high

RBLX displays the classic post–new issue price cycle pattern characterized by the following six stages:

1. New issue euphoria: The stock surged into a late 2021 peak following its public debut.

2. Post-hype collapse: A sharp decline unfolded from late 2021 through mid-2022, typical of the post–new issue unwind.

3. Base-building phase: From mid-2022 into late 2024, RBLX established a broad base, reflecting a “maturing of price action” and signs of accumulation.

4. Bullish structural shifts: Breakouts from basing patterns in late 2024 and mid-2025 confirmed the emergence of a bullish price structure.

5. Retest of key highs: The strong rallies into July and October 2025 brought prices back to the late 2021 post–new issue highs.

6. Breakout to new highs: A decisive breakout above the 2025 year-to-date and late 2021 highs would confirm a massive multi-year base—leaving no meaningful chart resistance above.

RBLX: Bullish triangle favors big breakout - upside targets to 175 and even 250s

A breakout from the July–October bullish symmetrical triangle would signal that RBLX is following through on the “breakout to new highs” phase of the classic post–new issue cycle. This pattern projects upside targets to 175 (based on the triangle’s measured move) and potentially into the 250s (based on the larger late 2021–2025 base breakout projection).

In the meantime, holding the rising 13-week moving average near 127 and tactical triangle supports at 121–119 keeps the immediate pattern bullish for RBLX.

Chart 1: Roblox (RBLX)