Semiconductor Supercycle Continues, Price Consolidates at Peak

• • The daily chart displays a highly aggressive parabolic rally, while the 1-hour chart records a healthy consolidation phase at the peak area to gather new footing.
• • Market sentiment on May 6-7, 2026, continues to be flooded with massive liquidity thanks to the artificial intelligence (AI) supercycle euphoria driving semiconductor equity valuations.

This tokenized equity of the semiconductor giant is enjoying an unhindered uptrend. Driven by the macro narrative on May 6-7, 2026, which continues to idolize the AI hardware and memory chip sectors, smart money flows are recorded relentlessly accumulating this asset in the market. Technically on the daily (1D) chart, the price took off vertically leaving its old base area in the $350s, printing a series of impulsive Breaks of Structure. On the 1-hour (1H) chart, after touching a strong high equilibrium around $680, the price movement is currently executing a very healthy cooling-off and holds solidly at the $651.86 entry point. The buyer defense efficiently absorbing profit-taking at this level is projected to become the next launchpad. An explosive follow-through momentum is predicted to press supply, targeting a retest of local resistance at $670 up to sweeping the upper boundary liquidity at $680 over the next 3 days.

Highly overextended rallies are vulnerable to sudden capital rotation effects. If tech sentiment cools and the price slips breaking the $640 support block, this asset risks triggering a cascading liquidation effect down to the $600 area.