NVIDIA (NVDA) continues to demonstrate its positive momentum, even after hitting its latest lifetime highs and beginning to enter a price discovery process. NVDA is currently holding well above major technical support levels, while the overall trend formation also indicates a possibility of further upward momentum.
At the time of writing, NVDA is trading at $211.37, valuing the company at approximately $5.15 trillion based on 24.31 billion shares outstanding. Despite its recent rally, the stock recorded a 2.40% decline over the last 24 hours, reflecting short-term profit-taking following its latest peak.
Source: CoinMarketCap
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NVIDIA Breaks Into New Highs
A well-known crypto analyst, Ali Martinez, highlighted on April 28, 2026, that NVDA has reached new all-time highs and is in a period of price discovery. The movement generally indicates that the stock is discovering new levels of value without any previous resistance.
Source: Ali Martinez’s X Post
Martinez noted that $210.95 was an important support level, indicating that as long as this level is sustained, the overall bullish structure would be maintained, with possible resistance levels at $239 and $271.
NVDA Momentum Strong as Indicators Align
The technical indicators are also favoring the overall bullish trend in the market. Currently, the RSI is at 68.94, nearing overbought territory, indicating strong momentum yet suggesting that there may be some cooling in the short term before resuming.
In addition, NVDA is trading above its critical moving averages, with the Moving Average Ribbon in an upward stance at 193.15, 186.19, 185.30, and 182.86.
Source: TradingView
The momentum indicators are also still positive for the time being. The MACD line of 7.91 is still trading above its signal line of 5.71, and the positive histogram value of 2.20 shows that there is consistent upward pressure on the stock.
Overall, NVDA is technically well-built, with momentum still supporting further upside action despite potential pullback periods following an extensive period of rallies.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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