WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 2.90% in the last week. Nasdaq is consolidating within the triangle pattern, an immediate support is expected at 14500 and resistance is expected at 16500 level. 

The top gainers for the week were Dexcom, Netflix & Lululemon Athletica gaining 13%, 13% and 5% respectively

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the NEUTRAL zone. Compared to last week, the Fear & Greed Index has increased from “47” to “53”. 

BITCOIN

aSOPR 

aSOPR for this week is nearly equal to 1 which means investors are selling their Bitcoins at their purchase price.

CVDD-TERMINAL PRICE CHART INDICATOR

The Bitcoin price has broken out of the descending trendline. Bitcoin is expected to continue its upward movement.

This is the 5-year HODL wave. It shows the percentage of bitcoin that has not moved onchain for at least 5 years.

Bitcoin chart

$BTC Price gained by 10.45% in the last week. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

ETH/BTC

ETH/BTC has broken the triangle pattern towards the downside, we could see weakness in ETH/BTC pair. It corrected by 3.26% against BTC in the last week, the immediate support is expected around 0.053 and the next resistance is expected around 0.061 level. 

Tokens with high Relative Strength in the market

XMINT token listed on India’s biggest exchange, delivered 10X gains within just 10 months of listing.

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

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