NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA is showing a bullish recovery after failing to sustain its previous bearish phase. The recent price action reflects renewed buying interest, with price reclaiming key levels and pushing higher.
The impulsive move from the $165.00 – $170.00 region has driven price sharply toward the $178.00 – $180.00 area, where it is currently testing a key resistance zone.
Key Resistance Zone
The immediate resistance is located at $178.00 – $180.00, a critical area aligned with previous rejection levels and short-term highs. A confirmed breakout above this zone could trigger further upside continuation.
Additional resistance levels:
- $185.00
- $190.00 – $195.00 (major structural resistance)
As long as price remains below $180.00, consolidation or minor pullbacks may occur.
Key Support Zone
Immediate support lies at $175.00 – $173.50, acting as a short-term demand and pullback zone following the recent rally.
A break below this area could expose further downside levels:
- $170.00
- $165.00 – $167.00 (major support zone)
Holding above $173.50 keeps the bullish structure intact.
Expectations
Bullish Scenario (Primary)
The current structure favors continued upside as long as price holds above $173.50.
A break above $180.00 could accelerate gains toward:
- $185.00
- $190.00
Bearish Scenario (Alternative)
A breakdown below $173.50 would signal a deeper pullback, opening the door toward:
- $170.00
- $165.00
However, downside moves may remain corrective unless key support is broken.
Outlook
NVIDIA is attempting to extend its recovery toward key resistance levels. The structure remains bullish above $173.50, while a breakout above $180.00 could confirm further upside toward higher targets.
