Usman Salis
Nvidia has been on a wild ride lately, and after touching highs around $185, the stock is now facing some selling pressure. While this pullback has some investors nervous, seasoned traders are keeping their eyes on key technical levels that could offer the next big opportunity. Understanding where the stock might find solid support could be the difference between catching a falling knife and nabbing a genuine bargain.
NVDA Price Under Pressure After Rally
Nvidia's recent drop from around $185 back to $174 has got everyone talking. Sure, the short-term weakness might spook some folks, but analysts are calling this pretty normal behavior for a stock in a strong uptrend.
Market watcher @Prof_heist makes a good point - nobody can nail down exactly where a stock will go next. What really matters is spotting those rock-solid support and resistance levels. His analysis points to $150 as the most important support zone to watch if things get worse.
Here's where it gets interesting - that $150 level lines up perfectly with the 0.618 Fibonacci retracement, which is basically where the big players often start buying. This area also matches up with previous price consolidation, making it even more significant.
If NVDA keeps sliding, this could be where the smart money jumps in, giving long-term investors a sweet entry point for 2025. But if the stock manages to hold above $170, we could see it bounce right back to $185 and maybe even push toward new highs above $200.
NVDA Price Outlook: Bullish vs Bearish Scenarios
If things go well: Holding above $170 could send NVDA back to the $185-$190 range, with potential long-term targets around $210. The AI chip demand story is still very much alive and kicking.
If things get rough: A break below $170 might take us down to test that $150-$152 zone where buyers could step back in. If even that level fails, we might see a drop to $140 before things stabilize.
Either way, that $150 area is going to be make-or-break for NVDA's next move.
Strip away the chart patterns and Nvidia's business story is still solid. They're the king of AI and GPU markets, and demand for their high-end chips should keep growing through 2026. Big institutions are still betting on AI infrastructure, which plays right into Nvidia's hands.
Short-term bumps are just part of the game, but the long-term picture looks pretty good. Smart traders see these dips as chances to get in at better prices.
Nvidia is taking a breather after its big run, but the overall story hasn't changed. With $150 marked as the key support level, traders are watching to see if we get a bounce or a deeper test. Whether you want to buy now or wait for confirmation at lower levels, one thing's for sure - NVDA will stay in the spotlight as the AI boom rolls on.
Usman Salis
