NVIDIA | Technical Outlook
Market Structure
NVIDIA is undergoing a clear bearish continuation phase after failing to sustain its recent recovery attempts. Selling pressure has accelerated across the lower timeframes, with price breaking below key short-term supports and aligning with weakness seen on the higher timeframes.
The sharp sell-off from the $190–$195 region marked a decisive bearish rejection, triggering an impulsive decline toward the $180 area, where price is currently attempting to stabilize. Despite a modest bounce, overall structure remains fragile, with lower highs and compressed recoveries suggesting sellers remain in control.
On the daily timeframe, NVDA is trading below its recent swing highs, confirming a loss of bullish momentum and a transition into a corrective-to-bearish structure.
Key Resistance Zone
The nearest resistance is now located at $182.50 – $185.00, a zone formed by the recent breakdown and overlapping short-term moving averages. Any upside attempts into this region are likely to face selling pressure.
Additional resistance levels:
• $188.00
• $192.00 – $195.00 (major bearish rejection zone)
As long as NVDA trades below $185.00, the broader bias remains bearish, with rallies viewed as corrective.
Key Support Zone
Immediate support sits around $178.00 – $180.00, where price is currently consolidating after the impulsive sell-off.
A clean break down below $178.00 would likely expose lower downside targets:
• $174.00
• $170.00 – $172.00 (major structural support)
Failure to hold the $170.00 region would significantly deepen the bearish correction and open the door for a broader trend reversal.
Expectations
Bearish Scenario (Primary)
The dominant scenario favors continued downside as long as price remains capped below $185.00.
A break below $178.00 would likely accelerate selling pressure toward $174.00, with potential extension toward the $170.00 support zone.
Bullish Scenario (Alternative)
A recovery above $185.00 would be the first signal of short-term stabilization, opening the door for a corrective rebound toward:
- $188.00
- $192.00 – $195.00
However, only a sustained reclaim above $195.00 would materially weaken the bearish structure.
Outlook
NVIDIA remains under renewed downside pressure, with sellers firmly in control following the rejection from the $190–$195 zone. The structure favors further weakness unless price can reclaim $185.00 decisively. A breakdown below $178.00 would likely accelerate losses toward deeper support levels, while any upside attempts below resistance are expected to remain corrective.
