Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 5.5% and closed at 29,234 in the last week. The critical support is expected at 27K levels and next resistance is expected around 29.8K levels.
Micron Tech & Intel were the strongest stocks for the week, rising around 38% & 25% respectively.
The NASDAQ Index is expected to gain this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market turned to the NEUTRAL zone. Compared to last week, the Fear & Greed Index increased from 40 to “48”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to slowdown this week. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000
Bitcoin chart
$BTC gained 4.63% and closed at 82.21K in the last week. The immediate support is expected at $60K and resistance is expected at $83K. Bitcoin is expected to slowdown as its approaching the supply zone.
ETH/USDT
$ETH gained 2.09% and closed at $2.37k in the last week. An immediate support is expected around $1900 and resistance is expected around $2800 levels. ETH is expected to slowdown this week
Strong momentum tokens to watch for – TAO & MORPHO
NIFTY
The Nifty50 Index gained by 0.74% and closed at 24,176 in the last week. An immediate support is expected at 23.4k & resistance is expected at 24.6k. Nifty is expected to gain this week.
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