NVIDIA | Technical Outlook
Market Structure
NVIDIA is showing signs of a short-term recovery following a sharp bearish sell-off. The recent decline broke below multiple moving averages, confirming a bearish phase, before buyers stepped in aggressively from the mid-$170s area.
Price has since rebounded strongly, reclaiming short-term structure and stabilizing above the $185 zone. However, on higher timeframes, the broader structure remains corrective rather than fully bullish.
Key Resistance Zone
Immediate resistance is located around $186.50 – $188.00, where price previously stalled and supply emerged.
Additional resistance levels:
- $190.50 – $192.00 (key intraday rejection zone)
- $195.00 (major daily resistance)
As long as NVIDIA trades below $192.00, upside momentum remains corrective within a broader range.
Key Support Zone
Primary support is now seen at $182.00 – $180.50, aligned with short-term moving average support and recent pullback lows.
Below this zone, downside risk increases toward:
- $177.50 – $175.00 (major demand zone)
- $170.00 (critical daily structural support)
A sustained break below $175.00 would signal a return to bearish continuation.
Expectations
Bullish Scenario (Alternative)
If price holds above $182.00 and breaks decisively above $188.00, NVIDIA could extend gains toward:
• $190.50 – $192.00
• $195.00, where stronger selling pressure is expected
This scenario would remain a corrective recovery unless higher resistance is clearly reclaimed.
Bearish Scenario (Primary)
Failure to hold above $182.00 would likely invite renewed selling pressure.
A break below $180.50 exposes downside targets at:
- $177.50
- $175.00, with deeper losses possible if momentum accelerates
Outlook
NVIDIA is attempting to stabilize after a sharp decline, supported by a strong short-term rebound. While momentum has improved intraday, the broader structure remains vulnerable below major resistance zones. Sustained strength above $188.00 is needed to shift bias more constructively, while a loss of $180.50 would place sellers back in control.
