Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index corrected by 4.53% and closed at 28,957 in the last week. The critical support is expected at 28.5K levels and next resistance is expected around 30.6K levels.
Micron Tech & JD.com were the strongest stocks for the week, rising around 25% each.
The NASDAQ Index is expected to gain this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the Fear & Greed Index decreased from 29 to “8”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to bounce back 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 corrected 4.4% and closed at 73.6K in the last week. The immediate support is expected at $65K and resistance is expected at $60K. Bitcoin is expected to bounce back this week.
ETH/USDT
$ETH corrected 16.14% and closed at $1689 in the last week. An immediate support is expected around $1500 and resistance is expected around $1900 levels. ETH is expected to bounce back this week
Strong momentum tokens to watch for – DEXE & WLD.
NIFTY
The Nifty50 Index corrected by 0.77% and closed at 23,366 in the last week. An immediate support is expected at 22.8k & resistance is expected at 24k. Nifty is expected to gain this week.
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