WEEKLY CRYPTO MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected by 3.30% last week. An immediate support is expected at 14500 and resistance is expected at 16500 level. Nasdaq is expected to bounce back from the support levels

The top gainers for the week were Splunk, Xcel Energy & Amgen gaining 20%, 3% and 3% respectively

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market continues to stay in the FEAR zone. However, compared to last week, the Fear & Greed Index marginally increased from  “46” to “47”. 

 

BITCOIN

aSOPR 

aSOPR for this week is less than 1 which means investors are selling their Bitcoins at a loss.

 

CVDD-TERMINAL PRICE CHART INDICATOR

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

 

The number of unique addresses holding 10 BTC and more has reached an ALL TIME HIGH. The usage and adoption of Bitcoin network is trending upwards

 

Bitcoin chart

$BTC Price corrected by 1.05% in the last week, it is expected to bounce back from the support levels. The immediate support is expected at $25,000 and resistance is expected at $32,000. 

 

ETH/BTC

ETH/BTC is consolidating within the triangle pattern. It corrected by 1.52% against BTC in the last week, the immediate support is expected around 0.062 and the next resistance is expected around 0.073 level. The RSI has gone below 40, ETH/BTC is expected to bounce back from the support levels

 

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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