Nvidia Stuck at $179 Resistance Inside Trading Channel

Nvidia Corporation (NVDA) continues trading in a tight channel, struggling to break through the $179 resistance ceiling. The stock remains boxed in rather than showing any clear directional breakout, reflecting a market that’s still figuring out its next move.

Looking at the one-hour chart, NVDA sits below its 20-, 50-, and 100-period EMAs, which now form a wall of resistance overhead. Price recently drifted toward the channel’s lower half, finding some footing in the mid-$170s. Each attempt to push past $179 has been turned back, making this level the line in the sand bulls need to reclaim.

“Nvidia has been unable to push through this ceiling and remains contained inside the channel, reflecting ongoing consolidation rather than a confirmed trend reversal.”

Volume during the recent decline looks measured rather than panicked, suggesting sellers are in control but not rushing for the exits. The RSI hovers in the low-40s after dipping below 50, pointing to mild bearish pressure without hitting oversold territory. It’s a setup that screams indecision—neither bulls nor bears have taken charge.

Breaking above $179 would open the door to the low-$180s, while continued rejection keeps NVDA grinding sideways. Given Nvidia’s weight in the tech sector, this consolidation matters beyond just one stock. A decisive move from this channel could signal where AI and semiconductor names head next.

My Take: Nvidia’s range-bound trading reflects broader market uncertainty around AI valuations. The $179 level has become psychological as much as technical. Until volume picks up and momentum shifts, expect more sideways action before any meaningful breakout attempt.

Source: Don’t follow Shardi B If You Hate Money