Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 0.94% and closed at 28,753 in the last week.
ALAB & SNDK were the strongest stocks for the week, rising around 18% & 15% respectively.
The NASDAQ Index is expected to continue the momentum and gain this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market stays in the GREED zone. Compared to last week, the Fear & Greed Index increased from 69 to “71”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to gain 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 5.52% and closed at 81.18K in the last week. Bitcoin is expected to break out and resume its upward journey in coming week.
ETH/USDT
$ETH gained 6.09% and closed at $2645 in the last week. ETH is expected to breakout and resume the upward journey in coming week
Strong momentum tokens to watch for – ARB & VET.
NIFTY
The Nifty50 Index corrected by 0.22% and closed at 23,382 in the last week. The Nifty is trading near the demand zone and is expected to bounce back with high probability.
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