Nvidia stock (NASDAQ: NVDA) opened Thursday’s trading session at $197. The equity has fallen below $200 for the second time in two months this year. The leading GPU maker is on a slippery slope with macroeconomic factors not favoring its growth prospects. Pseudonymous stock market analyst TradingShot shared a chart on TradingView predicting that NVDA’s downturn could continue. He forecasted that the equity could crash to the $165 level next.

The analyst shared a chart highlighting historical technical patterns, arguing that Nvidia stock’s recent bounce back is a temporary fake-out. A large macro correction will follow after the fake-out, and the analyst predicts that there’s a technical possibility for NVDA to crash to the $165 mark. His forecast doesn’t come as a surprise, as Nvidia’s critical local bottom in March 2026 was at the $165 zone.

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Analyst Explains Why Nvidia Will Crash To $165 (NVDA)

The analyst added that the $165 zone represents a proven area of structural horizontal support for Nvidia stock. “NVDA is rebounding this week after almost hitting its 1W MA50 (blue trend-line) for the first time since the week of March 30. This is a technical rebound similar to the one in February 2025, which was also during a Bearish Leg of an Ascending Triangle pattern,” he wrote. He suggests that these initial bounces during broader cooling-off cycles are often short-lived.

“Both fractals have identical 1W RSI sequences, and based on that, the market’s next target before discussions over a more sustainable rebound can be made is the 1W MA100 (red trend-line) and the Support level. We expect the market to hit it at $165.00,” the chart analysis on Nvidia stock read. He also explained that the 1-month Relative Strength Index (RSI) is showing a long-term bearish divergence. Even if Nvidia stock ticks up short-term, momentum is technically slowing down on macro timeframes.