Nvidia Breaks Resistance, Prediction Platforms to Offer 10x-Leveraged Perpetual Futures
Nvidia's shares broke above upper channel resistance, ending the recent correction and signaling potential new highs, with pullbacks to $177–185 offering buying opportunities and a breach below $164 invalidating the bullish setup. Polymarket and Kalshi plan perpetual futures with 10x leverage on Nvidia shares for round-the-clock, no-expiration trading.
1. Technical Breakout Signals Bullish Momentum
Shares cleared the upper boundary of a downward channel, confirming the end of the recent correction and positioning the stock for renewed upside. The $177–185 area serves as critical support, with a drop below $164 negating the bullish thesis.
2. Prediction Markets to Launch Perpetual Futures
Polymarket and Kalshi intend to introduce perpetual futures on Nvidia stock, offering traders at least 10x leverage in instruments that never expire and use funding rates for 24/7 trading. This move expands derivative access and could increase volatility and liquidity around Nvidia shares.