Usman Salis
Nvidia (NVDA) has been among the top performers in the semiconductor sector this year, but the stock is now grappling with a critical technical barrier. Following a sharp rebound, shares have stalled at a familiar resistance zone, leaving traders divided on whether a breakout or pullback comes next.
Technical Analysis: Third Rejection at Key Level
Nvidia was turned away for the third time at the $184 resistance zone. As noted by The Stock Trader Hub, the stock closed with an inside bar formation while finding near-term support at its 21-day EMA.
Key chart observations include resistance at $184–185 serving as the crucial ceiling, with a close above likely triggering momentum toward $190 and beyond. First support sits at $176, followed by $171 and $166 as the next key levels to monitor. Despite the rejection, the uptrend remains intact as long as Nvidia holds above its EMA support.
Bulls vs Bears: What's Next?
Bulls are watching for a confirmed breakout over $185, which would signal buying strength and open upside toward $190–200. Bears, meanwhile, are focused on a potential breakdown below $176 that could lead to a swift drop toward $171, with $166 as deeper support.
The battle at $184 comes as Nvidia continues benefiting from strong AI-driven demand, though technical traders remain cautious. Each rejection adds weight to this resistance level, making the next attempt particularly significant for the stock's direction.
Key Takeaways
Nvidia's chart reveals a critical inflection point. Bulls need a breakout above $185 to sustain the rally, while bears will look for weakness at $176 to regain control. With both technical and fundamental factors at play, the coming sessions could determine Nvidia's short-term path.
Usman Salis
