Artem Voloskovets
⬤ Nvidia (NVDA) is showing fresh signs of strength as it trades firmly above the $180 mark—a level that technical analysts are watching closely for signs of what's next. The stock has been building momentum after reclaiming key support around $177, and now it's breaking through a descending trendline that had been capping gains throughout November. With the price currently hovering near $181, the path toward $187 is starting to look more realistic if buyers can keep control.
⬤ The latest hourly chart reveals some encouraging patterns. After bouncing off the $177 support zone, the stock has been carving out higher intraday lows and forming rounded bases that suggest buyers are stepping in more aggressively. The breakout above the descending resistance line marks a clear shift in short-term sentiment. Ahead lies a supply zone stretching from roughly $187 to $192—an area where sellers previously took control. That $186–$187 range represents the next meaningful hurdle, and the current setup suggests there's room to run if momentum holds.
⬤ What makes this move noteworthy isn't just the technical structure—it's what Nvidia represents for the broader market. As one of the heaviest-weighted stocks in major indices and a bellwether for the semiconductor sector, NVDA's direction tends to influence sentiment across growth stocks. A confirmed push toward $187 would signal that recent downside pressure has eased and that risk appetite is improving among large-cap tech names. Traders will be watching whether the stock can sustain strength above $180 in the sessions ahead, as consistent closes above that level have historically preceded stronger directional moves in Nvidia's trading behavior.
Artem Voloskovets
