Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained as expected by 0.38% and closed at 29,544 in the last week.
SNDK & ALAB were the strongest stocks for the week, rising around 12% & 10% respectively.
The NASDAQ Index is expected to 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 62 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 3.42% and closed at 80.34K in the last week. Bitcoin is expected to consolidate for couple of weeks and then resume the upward journey.
ETH/USDT
$ETH gained 3.88% and closed at $2513 in the last week. ETH is expected to consolidate for couple of weeks and then resume the upward journey
Strong momentum tokens to watch for – UNI & NEAR.
NIFTY
The Nifty50 Index corrected by 1.15% and closed at 23,897 in the last week. The Nifty is trading near the demand zone and is expected to bounce back from here.
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