Artem Voloskovets
⬤ Nvidia is hitting what market watchers are calling a "do or die" technical moment, with the stock price pushing up against a crucial trendline on the daily chart. This spot could be a real turning point—if buyers can push through and reclaim resistance, it might erase the recent bearish momentum that's been weighing on shares. Right now, NVDA is trading just under a downward-sloping resistance line while still sitting above a longer-term rising support trendline, creating a tight squeeze.
⬤ The chart tells a story of a solid uptrend from earlier this year that's since shifted into correction mode with lower highs forming. You can see rounded topping patterns near previous peaks, followed by a pullback that's compressed the stock into its current narrow range. NVDA is now bouncing between resistance around the low $190s and support in the mid-$170s—a zone where neither bulls nor bears have managed to take full control yet.
⬤ Why this zone matters: it's where short-term bearish structure meets longer-term bullish support head-on. If NVDA breaks back above that descending resistance line and holds it, buyers are likely back in the driver's seat and the broader uptrend could resume. But if the stock fails to reclaim this level and drops below the rising support instead, sellers stay in control and the correction probably continues.
⬤ This technical setup carries extra weight because Nvidia isn't just another stock—it's a heavyweight in both the semiconductor space and the broader tech sector. When NVDA moves, it tends to pull sector sentiment and major index performance along with it. As price sits compressed at this inflection point, how this plays out will likely set the tone for near-term momentum across tech. Whether Nvidia breaks higher or lower from this "do or die" level, the outcome will shape what comes next for the stock and possibly the sector.
Artem Voloskovets
