NVDA REBOUND, IS TAPI (BUT) ALREADY SAFE?
ANALYSIS:
NVDA/USDT is starting to show signs of recovery after being previously pressured down to touch 207.69. The price is now around 213.25, up 1.88%, with a rebound candle and volume also increasing. This is an early signal that buyers are starting to come back in after selling pressure was sufficiently deep.
RSI is at 56.6, already back above the 50 level and indicating that short-term momentum is beginning to strengthen. However, the price is still below the MA25 around 214.75 and the Supertrend area at 215.17, so the 214.7–215.2 zone remains an important resistance area.
If it can break through and hold above that area, opportunities toward 217–219 may open up. Conversely, if the rebound fails and the price falls back below 209–207.7, bearish pressure could potentially continue.
For now, NVDA is more interesting to monitor as a rebound that is testing resistance, not as a reversal that has already been confirmed.
$NVDA
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ANALYSIS:
NVDA/USDT is starting to show signs of recovery after being previously pressured down to touch 207.69. The price is now around 213.25, up 1.88%, with a rebound candle and volume also increasing. This is an early signal that buyers are starting to come back in after selling pressure was sufficiently deep.
RSI is at 56.6, already back above the 50 level and indicating that short-term momentum is beginning to strengthen. However, the price is still below the MA25 around 214.75 and the Supertrend area at 215.17, so the 214.7–215.2 zone remains an important resistance area.
If it can break through and hold above that area, opportunities toward 217–219 may open up. Conversely, if the rebound fails and the price falls back below 209–207.7, bearish pressure could potentially continue.
For now, NVDA is more interesting to monitor as a rebound that is testing resistance, not as a reversal that has already been confirmed.
$NVDA
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
