CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

NVDA Price Prediction: Below Every Key Moving Average as Melius Trims Target to $315

Blockchain.News logo

Published on

Add as a preferred source on Google
NVDA Price Prediction: Below Every Key Moving Average as Melius Trims Target to $315

NVIDIA's Binance Futures contract traded at $205.16 in early November 3 session, sitting beneath all tracked moving averages in a configuration that reflects sustained near-term pressure. On Novemb...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

NVIDIA's Binance Futures contract was priced at $205.16 in early November 3 trading, down 1.38% over the prior 24 hours across a session range of $202.15 to $210.28, per Binance Futures data. At that level, the contract trades beneath every tracked moving average: the 7-day SMA at $207.12, the 20-day SMA at $212.67, the 200-day SMA at $214.05, and the 50-day SMA at $221.76. The EMA-12 ($209.66) and EMA-26 ($214.67), both derived from Binance Futures daily data, are similarly positioned above the current print. A contract trading beneath the full stack of short- and long-dated averages simultaneously represents a clearly negative trend configuration from a technical standpoint.

The session followed a material analyst development on November 2, 2026, when Melius Research maintained a Buy rating on NVIDIA Corporation's NASDAQ-listed shares while reducing its price target from $420 to $315 — a reduction of approximately 25% — according to reports from MarketBeat and GuruFocus. That rating and target apply to NVIDIA's NASDAQ-listed equity. The Binance Futures contract and NVIDIA's NASDAQ-listed shares are distinct instruments, and no specific horizon for the revised target was supplied in those reports. The Melius target should not be interpreted as a near-term price forecast for the Binance Futures contract.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.