Usman Salis
Nvidia is having one of those nail-biting moments where every cent matters. With August 1 just around the corner, traders are getting nervous about whether NVDA can close above $176.99 – and the betting odds are all over the place.
According to a recent X post, the confidence in NVDA finishing above that key level just crashed by 45% in a matter of hours. That's a pretty dramatic shift, especially when you consider the stock is trading at $176.65 – literally 34 cents away from the target.
NVDA (Nvidia) Traders Split Right Down the Middle
The prediction market on Limitless shows just how divided everyone is right now. It's basically a coin flip – 51.1% think NVDA will make it above $176.99, while 48.9% are betting it won't. That's about as close as you can get to pure uncertainty.
What's really wild is how much this sentiment has swung around. Just a day or two ago, confidence was sitting near 75% – traders were feeling pretty good about NVDA's chances. But that optimism didn't last long. On July 27, confidence was down at 39.15%, then it spiked up, and now it's crashing again.
Nvidia (NVDA) Price Creates Psychological Barrier at $176
With 4,652 USDC already traded on this prediction, it's clear that people are paying attention. That might not sound like huge money, but for a prediction market, it shows there's real interest in this specific price level.
The thing about round numbers like $176.99 is they tend to mess with traders' heads. It becomes this psychological line in the sand where people start making decisions based on whether the stock can break through or not. And right now, with NVDA sitting just below it, you can almost feel the tension.
What happens in the next few hours could set the tone for how traders view NVDA going into the weekend. If it manages to squeeze above $176.99, those 51.1% who bet "yes" are going to look pretty smart. If it doesn't, well, the bears get to have their moment.
Usman Salis
