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Weekly Market Report – 3rd Feb’24

WEEKLY MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index fell by -1.36% last week. The critical support is expected at 20,700 levels and resistance is expected around 22,900 levels for the coming week. 

ALIBABA, IDEXX LABS and T-MOBILE US were the top gainers for the week, rising around 12.5%, 8.7% and 7.15% respectively.

The NASDAQ Index is expected to continue the upward momentum

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market is in the Fear zone. Compared to last week, the Fear & Greed Index decreased to  “44” from the previous level of “71” 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $190,000 

Bitcoin chart$BTC’s price decreased by -4.8% in the previous week. The immediate support is expected at $94K and resistance is expected at $106K. Bitcoin is expected to continue with the upward momentum 

ETH/BTC

ETH/BTC pair fell in the last week, losing around -6.76%. An immediate support is expected at 0.030 level and resistance is expected at 0.045 levels. ETH is expected to rally from this level.

NIFTY

Nifty gained around 1.7%. An immediate support is expected around 22,600 levels and resistance is expected around 23,500. Nifty looks bearish, and the downward momentum may carry forward till 21,500 level.

PICK OF THE WEEK – CARTRADE TECH LTD.

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Dexe Token Report – 31st Jan’25

DEXE Token Report

The DeXe Protocol is an inventive framework tailored for the establishment and management of DAOs in a merit-based manner, ensuring appropriate alignment of incentives and extensive adaptability. Its purpose is to facilitate the rapid and sustainable development of DAOs, fostering vibrant member engagement and prioritizing expertise.

DEXE is ranked #62 with a market capitalization of $1.8 billion. The current market price of the token is 21.03 USDT

The DEXE/USDT price had been on a down trend since May’24. On the weekly time-frame, the trend has broken out of the flat consolidation levels, with good volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 27.3 USDT and an immediate support is expected at 16.3 USDT.

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Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.

MintingM Rating – 3.5/5