$NVIDIA(NVDA)$ Despite the bounce to $100, there's reason to believe this is just a temporary relief rally. Nvidia’s recent price movements could be part of a broader correction rather than a true reversal.

Technically, bearish signals are still present, including moving average crossovers that hint at continued downward pressure. Without a convincing break above key resistance levels, the current rally may lack staying power.

On the macro front, risks remain. Geopolitical tensions and ongoing regulatory scrutiny could weigh on Nvidia’s performance. Additionally, slowing global chip demand and increased competition may limit upside in the near term.

Until the stock shows stronger volume and more solid support from fundamentals, caution is warranted. The next few sessions will be critical in determining whether $100 is a base—or just a pit stop before another leg down.