Saad Ullah
Nvidia (NVDA) is showing serious warning signs at $189.30 as weekly momentum fades. Analysts are eyeing a brutal 20% correction that could slam the stock down to $143.
NVDA Bulls Running Out of Steam - Traders Sound Alarm
Something's not right with Nvidia's chart right now. After weeks of relentless buying, the weekly momentum is starting to crack. Smart money seems to be backing away, and that's never a good sign for retail investors still holding on.
The stock hit $189.30 recently, but here's the thing - it's looking exhausted up there. When institutional buyers start thinning out their positions, individual traders usually get left holding the bag. And from what we're seeing, that moment might be closer than most people think.
A recent analysis posted on X highlights this exact concern. The trader warns that if demand zones keep weakening, we could see NVDA drop about 18.36% - that's roughly $32 per share - bringing it down to around $143.63 over the next few weeks.
Key NVDA Price Levels That Could Make or Break the Stock
Here's what really matters right now: this week's close. The overall market structure still looks bullish on paper, but that can change fast if institutional support crumbles. Watch the $175 level closely - if NVDA can't hold above that, things could get ugly quick.
On the flip side, there's some solid institutional buying interest around $140-150. If the stock does crash down there, that's where the real buyers might step in. It could either be a massive buying opportunity or a dead cat bounce - time will tell.
The bottom line? NVDA is sitting at a crossroads. Break below current levels, and that $143 target starts looking very real. But if it can show some strength above $175, the bears might have to wait for another chance. Either way, this week's action will probably tell us which way this thing is headed.
Saad Ullah
