Showkat Ahmed

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Showkat Ahmed

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📉 NVIDIA (NVDA) – Is the Downtrend Getting Stronger?

NVIDIA is currently facing significant selling pressure. Let's take a look at the daily chart.

📊 Current Market Overview:

- Current Price: $160.85
- 24H Change: -0.78%
- 7D Performance: -13.80%
- 30D Performance: -27.17%
- 90D Performance: -28.58%
- Recent Low: $149.23

📉 Technical Analysis:

NVDA is trading below all three major moving averages:

- MA(7): $168.66
- MA(25): $195.80
- MA(99): $216.51

This indicates that the overall trend remains bearish.

Key Levels to Watch:

- Support: $149.23
- Resistance: $165.23
- Next Resistance: $185.94

A strong recovery above the short-term moving average could be an early sign of momentum improvement. However, buyers still need to show strength before any trend reversal can be confirmed.

💭 What's Next for NVIDIA?

Will NVDA recover from this correction, or could we see further downside?

Share your thoughts in the comments!

⚠️ This post is for educational purposes only, not financial advice.

# #Crypto #BinanceSquare #Stockmarket #TechnicalAnalysis #trading #MarketAnalysis $NVDAB

NVDAB-1.09%

Showkat Ahmed

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