$NVDAX ‌NVDA is still showing strong relative strength while the broader market looks mixed.

Price is trading around $200.84 and remains green on the day, which is important because many assets are struggling to hold momentum. The key bullish point here is that NVDA opened around $200.12 and is still holding above its open. That means buyers are still defending the daily structure even after intraday volatility. The chart shows a strong move earlier, followed by a pullback into the $199 to $200 zone. Instead of breaking down aggressively, price is trying to stabilize around this psychological level. For a stock like NVDA, the $200 area is more than just a number. It is a key sentiment zone. Holding above it keeps the bullish case alive.

A clean reclaim above $201.67 would strengthen the short-term setup and could bring momentum back toward the previous intraday high zone. The current structure looks like a reset after an upside move, not a complete rejection.

NVDA remains one of the strongest names in the AI and semiconductor narrative. As long as price keeps building support above $198.60, this dip can be viewed as a healthy consolidation phase before the next attempt higher.

Bullish view: NVDA is holding the $200 zone, defending the daily open, and showing strength while the market remains uncertain.

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