NVIDIA price dips below $140 as $143 resistance halts bullish momentum
NVDA pulls back below $140 as resistance halts breakout, focus shifts to $137 support
NVIDIA Corporation (NASDAQ: NVDA) closed at $139.99 on June 5, slipping 1.36% after failing to break above a key resistance near the $143–$144 zone. Despite the overall bullish structure, price action shows signs of consolidation beneath overhead supply.
Key highlights
- NVDA price today closed at $139.99 after intraday rejection from the $143.80 zone.
- The stock remains above key EMAs, with immediate support between $137.00 and $138.50.
- Failure to clear $143 resistance increases risk of pullback toward $135.40–$136.50.
The stock remains technically supported above rising EMAs and trendlines, though the short-term trajectory now hinges on the $137–$138 support region.
Bullish channel intact but rejection from resistance caps upside
The 4-hour chart reveals a tightening range below the $143.80 ceiling, with candles wicking above $141.70 but failing to close above. This level coincides with a red supply zone previously marked as a major turning point in late March. The price still follows an ascending trendline from the May breakout at $129. The 20-EMA and Bollinger mid-line have flattened slightly near $137.10, forming the immediate area of defense.
The broader structure remains bullish, especially as price continues to close above the 50-EMA and 100-EMA (both aligned around $130–$131). However, momentum indicators are beginning to soften. Bollinger Bands are no longer expanding, suggesting that directional conviction is fading without a breakout.
Short-term consolidation and support levels to monitor
On the 30-minute chart, NVDA shows rejection from a diagonal resistance trendline after multiple failed retests. Price currently hovers just above the $137.00–$138.50 short-term demand zone, which aligns with the lower trendline of a rising wedge structure. If this area breaks down, a deeper pullback toward the $135.40–$136.00 zone is likely, with $133.60 and $130.00 as extended support.
Momentum-wise, RSI has cooled from overbought territory to around 52, suggesting neutrality. MACD on lower timeframes has flipped slightly bearish, though still above the zero line—indicating a weak but present bullish bias.
June 6 outlook hinges on holding $137 zone
As the market opens on June 6, all eyes will be on whether NVDA can defend the $137 area and rebound toward the $143.80 resistance. A daily close above this level remains critical for unlocking further upside potential toward $147.80 and $151. On the downside, a break below $136.50 may invalidate the immediate bullish structure and drag the price into the $130.00–$133.00 liquidity pocket.
In our previous updates, we highlighted NVDA’s breakout from the $129 base and flagged $143 as the primary test. With price now stalling below this resistance and indicators showing early signs of exhaustion, the near-term direction will likely depend on volume reaction and confirmation from the broader tech sector.
