WEEKLY CRYPTO MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 2.61% in the last week. Nasdaq has broken the descending triangle towards downside which indicates downtrend for short term, an immediate support is expected at 13,200 and resistance is expected at 14800 level. 

The top gainers for the week were Dexcom, Intel & Amazon gaining 10%, 9% and 7% respectively

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market turns to the GREED zone. Compared to last week, the Fear & Greed Index has increased from “53” to “68”. 

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.

213 Addresses bought 100+ BTC in last 45 days, currently there are 15,993 addresses holding more that 100 BTC 

Bitcoin chart

$BTC Price broke the resistance of $32K and gained by 15.12% in the last week. Currently the BTC co-relation is decoupled with NASDAQ, The immediate support is expected at $32,000 and resistance is expected at $40,000. 

ETH/BTC

ETH/BTC has been in downtrend since the start of the year 2023. It corrected by 6.27% against BTC in the last week and looks oversold. We could see a bounce back from the support levels around 0.049.

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.

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