Uranium Price Steadies Near $90 After Sharp Rally and Pullback - Brave New Coin

The current consolidation and price oscillations in ETFs indicate the recent active positioning with supply and demand rebalancing.

Uranium Price Holds Near $89 Following Unstable Surge

According to TradingEconomics, the price of the metal was around $89.50 per pound following a turbulent period. Uranium before that time traded around the range of between $64 and $66 and then steadily rose. The level is on the verge of the psychological resistance zone near the $90 level.

Uranium has currently stabilized at $89.50 a pound and corrects the highs of $100-$102 and is currently above the major support of $85. Source: TradingEconomics Feb 14, 2026

The chart depicts uranium rising through mid-2025, forming higher lows during the advance. Prices ranged between approximately $70 in May and approximately $78 in July. This was followed by a pullback, as uranium crashed down to between $72 and $74 and then recovered. The prices subsequently hit approximately $83 to $85 in October, which proves the further upward trend.

Later in early 2026, the uranium shot up to reach $100 to $102, the highest point in the cycle. The corrective action followed that rally at a high speed to reach a stabilization level of $85. This market then went back to the level of $89.50, where it is currently consolidating. The support is around the levels of $85 and $75-$78, and the resistance is almost at the level of $100.

Analyst Says Uranium Supply Tightening Up, Supporting Long-Term Outlook

Uranium stocks analyst JH (@CRUDEOIL231) pointed out in a recent X post that the market is getting better in terms of supply, which is important for the uranium bulls. He elaborated that the surplus supply of 2024 and 2025 has been taken up. This has minimized pressure due to excess material.

In addition, stocks related to uranium, like $OKLO and $LEU, are creating volatility. Momentum trading is attracted to these stocks, and price movements get amplified. Observations show patient investors would gain since over the long term there would be tightening in supply. The demand is also on the increase since nuclear energy development is being experienced the world over.

Oversupply of uranium in the 2024-2025 period is already covered, and the market has become tight, which helps to occupy a bullish position. (Recent X Post (JH @CRUDEOIL231) FEB 2026

According to historical data, the uranium price had increased to approximately $100 in 2007 as compared to 2004, when the price of uranium was around $19. Later on, prices dropped to approximately $20 in the year 2016 due to oversupply. It started recovering once again, and uranium was approximately $80 as of 2023. The prices were then trending to reach a steady point of between $90 in 2024 and $75 and $90.

The future demand is also high within the next few decades. The utility requirements can be discovered to be a requirement of stature up to 250 million pounds in 2045. China is the nuclear growth leader with the construction of 32 reactors, whereas other parts are still developing capacity. This development carries long-term uranium consumption and stability of price.

Uranium ETF Consolidates Near $51 After Sharp Pullback

On the other hand, the Global X Uranium ETF has been trading around the level of $51.9 following the volatility. The ETF had earlier in February surged to the range of $62 to 63. It was followed by a quick pullback and part recovery. The recent price is an indication of consolidation following the recent slump.

The performance is technical with inconsistent signals and slow-moving momentum. The MACD indicates a bearish crossover and negative histogram value. The arrangement is an indication of limited positive upward momentum following the last upsurge. The RSI is close to 48, which is below the neutral level.

Global X Uranium ETF is coalescing around $51.9 with support at $50-$51 following the drawback at $62-$63. TradingView/Uranium ETF Chart: Feb 14, 2026

ETF is backed at the point of about $50 to $51, which served as a recent reaction level. A fall below this may reveal the support of the lower levels as well as the deeper levels of the support at the level of $47 to $48 to the lower levels of the support at the level of $43 to $45. Resistance will be close to $55 on the upside and more so close to the position of resistance of nearly $58 to $60.

The price attempted to stabilize instead of extending the losses as seen in the ETF structure. Consolidation goes on as uranium prices are at high levels, close to being about $90 per pound. The market is dynamic, with traders keeping a check on the resistance and the support levels.