On September 3, NVIDIA (NVDA.O) shares plummeted by as much as 4% during Tuesday's trading session, settling at $167.22. This marked the fourth consecutive trading day of declines, crossing below the critical 50-day moving average of $171.02. The breach of this significant technical level is interpreted as a bearish sign, indicating a loss of short-term momentum. Buff Dormeier, Chief Technical Analyst at Kingsview Partners, emphasized that this suggests a dissipation of NVIDIA's upward trajectory and expressed concern regarding the stock's near-term prospects. Dormeier considers the 50-day moving average a pivotal indicator and forecasts that $160 will serve as the next support level. Should the decline persist, it could potentially reach $145, a level that previously acted as a formidable resistance point before being breached in June. He cautioned that a share price drop below $145 would elicit grave concerns about NVIDIA's future outlook. Moreover, NVIDIA's share price decline has mirrored broader market trends, as geopolitical uncertainties and high valuation pressures continue to cast a shadow over the stock. Despite the four-day slide that has eroded over $340 billion in market value for NVIDIA, the stock's overall trend has remained upward in recent months.