NVIDIA: Critical Threshold at 240.90 Resistance
The chart shows NVIDIA’s price rising to 234.92 USDT, coming very close to the key resistance at 240.90 USDT. The 240.90 area is not only horizontal resistance but also a strong supply zone, as it coincides with a previous high. If the price closes above this level on the daily chart, it could technically begin exploring new highs. On the other hand, if selling emerges at resistance, 215.55 USDT stands out as the first significant support on the chart.
Fundamentally, the story supporting the rally remains quite strong. In NVIDIA’s latest financial results, revenue rose 106% to $96.2 billion, while Data Center revenue climbed 117% to $89 billion. In addition, the expansion plan with AWS to deploy 2 million additional NVIDIA GPUs in 2027–2028 points to continued demand for AI infrastructure.
More importantly, Morgan Stanley recently maintained its $300 price target for NVIDIA, while noting that AI demand could be stronger than the company’s management expects in 2028. This is an important factor that could support upward momentum if the 240.90 resistance is broken.
However, on the risk side, rising U.S. Treasury yields and the sensitivity of high-valuation technology stocks to interest rates should be monitored. In addition, chip export restrictions targeting China remain a significant uncertainty for NVIDIA.
In summary, a strong daily close above 240.90 could bring a continuation of the current uptrend and new highs into view. However, if selling emerges in this area, the 215.55 support level is critical. Unless 240.90 is breached, consolidation below resistance or a short-term correction would represent healthier price action.
$NVDA #NVDA #RWA
The chart shows NVIDIA’s price rising to 234.92 USDT, coming very close to the key resistance at 240.90 USDT. The 240.90 area is not only horizontal resistance but also a strong supply zone, as it coincides with a previous high. If the price closes above this level on the daily chart, it could technically begin exploring new highs. On the other hand, if selling emerges at resistance, 215.55 USDT stands out as the first significant support on the chart.
Fundamentally, the story supporting the rally remains quite strong. In NVIDIA’s latest financial results, revenue rose 106% to $96.2 billion, while Data Center revenue climbed 117% to $89 billion. In addition, the expansion plan with AWS to deploy 2 million additional NVIDIA GPUs in 2027–2028 points to continued demand for AI infrastructure.
More importantly, Morgan Stanley recently maintained its $300 price target for NVIDIA, while noting that AI demand could be stronger than the company’s management expects in 2028. This is an important factor that could support upward momentum if the 240.90 resistance is broken.
However, on the risk side, rising U.S. Treasury yields and the sensitivity of high-valuation technology stocks to interest rates should be monitored. In addition, chip export restrictions targeting China remain a significant uncertainty for NVIDIA.
In summary, a strong daily close above 240.90 could bring a continuation of the current uptrend and new highs into view. However, if selling emerges in this area, the 215.55 support level is critical. Unless 240.90 is breached, consolidation below resistance or a short-term correction would represent healthier price action.
$NVDA #NVDA #RWA