Meta Platforms Inc. ($META) has seen its stock decline for seven consecutive trading days, following a 20-day winning streak with a 20.5% rally. The stock has now lost approximately 75% of its previous gains and fell 1.6% on the most recent trading day. Currently, Meta's stock is testing its 50-day moving average (50DMA), a level that has acted as support for over three months. Analysts view this as a potential higher low within a seven-month upward channel, with resistance levels identified at $678 and $687. Despite broader market declines, Meta remains the only mega-cap stock still above its 50DMA. Over the past five trading days, the S&P 500 has dropped 2.84%, the Nasdaq 100 has fallen 4.86%, and the Russell 2000 has declined 5.24%.