The post Nvidia stock rises 1.2% on AI optimism as stock nears key resistance appeared on BitcoinEthereumNews.com.

As of June 9, Nvidia stock is trading at $141.72, up 1.2% in the past 24 hours. The stock has continued its sharp uptrend, gaining nearly 45% over the past two months.  From a charting perspective, Nvidia remains in a strong bullish trend. Highlights Nvidia is trading at $141.72 after a 1.2% daily gain, continuing its strong upward trend.  The stock is nearing key resistance at $153, supported by robust technicals and rising AI-driven demand.  A breakout could push the price toward $160 in the near term. The short-term technical indicators reflect this upward pressure. The Relative Strength Index (RSI) is currently hovering around 68, just below the overbought threshold of 70. This suggests that while the momentum remains strong, there is limited upside room before potential profit-taking or consolidation. However, the RSI has consistently remained elevated in recent weeks, a characteristic often seen in stocks with strong institutional demand and accelerating earnings potential. The moving averages reinforce the bullish case. Nvidia trades well above its 20-day and 50-day moving averages, currently at $136 and $125 respectively. The slope of these moving averages remains upward, with the shorter-term averages clearly diverging from the longer-term ones — a sign of strong directional trend. The 200-day moving average is far below current levels at around $96, highlighting the steepness of the stock’s climb since the beginning of 2025. These levels act as dynamic support zones should the stock pull back from its current highs. NVDA stock price dynamics (April 2025 – June 2025). Source: TradingView Momentum indicators such as MACD also support the bullish outlook. The MACD line is comfortably above the signal line, confirming buying strength. Volume has remained robust, particularly on days when Nvidia posts gains of more than 2 percent, indicating strong participation. However, the recent gains have also…

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Filed under: News - @ June 9, 2025 11:23 am