Connect with us
DAPA Banner

Crypto World

Nvidia (NVDA) Shares Rise Towards a Key Resistance Level

Published

on

Nvidia (NVDA) Shares Rise Towards a Key Resistance Level

As the Nvidia (NVDA) share chart shows, during yesterday’s trading session the price advanced towards a key resistance area around $192.50, where notable peaks were formed in December 2025 and January 2026. The move was supported by several factors that boosted optimism:

→ Comments from company management. Nvidia CEO Jensen Huang stated that rising spending on AI is justified and reflects a long-term growth phase for the industry.

→ Goldman Sachs analyst Jim Schneider expects Nvidia’s fourth-quarter revenue to exceed forecasts and surpass $67 billion, and also anticipates strong sales and profit figures in the first quarter of the 2026 financial year.

Technical Analysis of the Nvidia (NVDA) Chart

On the morning of 4 February, when analysing NVDA price movements, we:

→ updated the long-term ascending channel, which remains intact;
→ noted the proximity of its lower boundary, which had acted as a key support level for many months;
→ suggested that NVDA’s price could stabilise in the lower quarter of the channel.

Advertisement

Since then:

→ between 4 and 6 February, the price moved sideways near the lower boundary of the channel, reflecting a balance between supply and demand;
→ following a false break below the December low, the share price staged a sharp rebound, signalling the dominance of buying pressure.

It is reasonable to assume that:

→ the initiative is currently on the side of the bulls, who appear determined to resume the long-term upward trend;
→ if another attempt is made to break through the aforementioned resistance level, it is likely to succeed, opening the way for NVDA shares to move towards the psychological $200 mark.

Advertisement

The realisation of this scenario could be supported by positive sentiment ahead of Nvidia’s earnings release on 25 February and the GTC 2025 conference in mid-March, when new product announcements may be made.

Buy and sell stocks of the world’s biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

US Treasury Seeks Comment on State-Level Stablecoin Regulatory Criteria

Published

on

Government, US Government, United States, Stablecoin, Genius Act

The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act.

The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies.

The Treasury outlined several non-negotiable stablecoin regulations that must be in line with Federal regulations, including a 1:1 reserve backing with cash or high-quality cash equivalents and monthly reporting requirements. 

Government, US Government, United States, Stablecoin, Genius Act
The NPRM published by the US Treasury Department. Source: US Department of the Treasury

States must also comply fully with federal anti-money laundering and sanctions policies for stablecoins, while upholding bans on token rehypothication, or using the same asset to support multiple claims.

Under the proposal, states are allowed to impose their own liquidity, reserve, risk management, regulatory procedures, enforcement and administrative rules, as long as the rules impose higher financial thresholds or are more restrictive than the federal regulations. 

Advertisement

“State-level regulatory regimes must lead to regulatory outcomes that are at least as stringent and protective as the Federal regulatory framework,” the proposal said.

The public must submit comments within 60 days of the NPRM announcement. Once a stablecoin issuer passes the $10 billion threshold, it will automatically be under the regulatory jurisdiction of the federal government, meaning the largest stablecoin issuers will be regulated exclusively at the federal level.

Related: FSB flags dollar stablecoins as bigger risk for emerging markets in annual report

GENIUS Act becomes law, but uncertainty remains over yield-bearing stablecoins 

US President Donald Trump signed the GENIUS Act into law in July, which was considered a landmark moment for crypto regulations.

Advertisement

Despite the landmark regulations, uncertainty about yield-bearing stablecoins and whether stablecoin issuers can share interest with token holders has stalled the CLARITY crypto market structure bill in Congress.

Some crypto companies, led by Coinbase, argue that yield-bearing stablecoins provide savers with a competitive alternative to traditional savings accounts, which typically have interest rates far below 1%.

The banking lobby continues to oppose yield-bearing stablecoins over fears that the tokens will cause deposit flight and erode the sector’s market share.

Advertisement

Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?