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
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”.
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
$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 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.
Start your Crypto Investments with XMINT Algos today