Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 2.34% and closed at 29,635 in the last week.
Intel & Applied Materials were the strongest stocks for the week, rising around 26% & 25% respectively.
The NASDAQ Index has seen some profit booking and 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 8 to “20”.
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 gained 3.81% and closed at 65.75K in the last week. Bitcoin is showing signs of bottoming, Bitcoin is expected to bounce back this week.
ETH/USDT
$ETH gained 2.02% and closed at $1724 in the last week. ETH has reached the multiyear demand zone(range 1500-1800). ETH is expected to bounce back this week
Strong momentum tokens to watch for – NEAR & WLD.
NIFTY
The Nifty50 Index gained by 1.1% and closed at 23,622 in the last week. The Nifty has formed higher lows and is showing signs of reversal. Nifty is expected to gain this week.
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