NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA remains within a broader bullish structure, with price continuing to respect higher-timeframe support despite recent volatility. After a sharp corrective decline from prior highs, the stock has stabilized and is now grinding higher, showing signs of trend recovery rather than distribution.
Recent price action reflects consolidation near a key pivot zone, suggesting the market is assessing whether bullish momentum can fully reassert itself.
Key Resistance Zone
Immediate resistance is located around $191 – $193, an area that has capped recent upside attempts and aligns with prior rejection levels.
Additional resistance levels:
- $197 – $200
- $205 – $210 (major upside barrier from previous highs)
A sustained break above $193 would strengthen bullish continuation prospects.
Key Support Zone
Initial support is found near $186 – $188, where price has repeatedly found demand during pullbacks.
Below that, the next key support zone sits at:
- $180 – $182 (major structural support)
A decisive break below $180 would weaken the bullish recovery structure and signal renewed downside risk.
Expectations
Bullish Scenario (Primary)
As long as NVIDIA holds above the $180–$182 support zone, the broader bullish bias remains intact. Consolidation above current levels could allow price to build momentum and attempt a breakout above $193, opening the door toward higher resistance zones.
Bearish Scenario (Alternative)
Failure to hold above $180 would confirm increasing selling pressure, expose lower support levels and delay any meaningful trend continuation.
Outlook
NVIDIA is currently consolidating after recovering from a sharp pullback, with the broader structure still favoring buyer’s above key support. While upside momentum remains capped below $193, a clean breakout would likely signal renewed bullish continuation. A loss of $180, however, would shift focus toward a deeper corrective phase.
