NAS100 Sustains Bullish Sentiment
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NAS100 Sustains Bullish Sentiment With Upside Momentum Firmly Intact

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Azeez Mustapha

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NAS100 Analysis – August 31

NAS100 sustains bullish sentiment with upside momentum firmly intact. The index has maintained a constructive upward trajectory, with price activity consolidating above the 9-day moving average, currently near $23,440.

The RSI reading of around 56 reflects moderately bullish momentum, signaling steady buyer engagement without entering overbought conditions. This alignment of momentum and moving average trends reinforces the market’s inclination to preserve its bullish outlook in the near term.

NAS100 Key Levels

Resistance Levels: $24,050, $25,000, $26,040
Support Levels: $23,000, $22,140, $20,360
NASDAQ100 (NAS100) Sustains Bullish Sentiment With Upside Momentum Firmly Intact

NAS100 Long-Term Trend: Bullish

Price action has shown resilience after testing the $23,000 support zone within the highlighted demand region. The recent rebound from this base underscores active accumulation and confirms it as a critical level for sustaining upward progress. Immediate resistance is visible around $24,050, where supply pressures have previously capped advances, yet the structure continues to favor upward extension once this ceiling is cleared.

Looking ahead, the index appears positioned for another push higher, with projections suggesting a move toward the $25,000 level as the next strategic milestone. Sustained movement above $24,050 will act as a key catalyst to accelerate bullish momentum. If overall market confidence remains intact, a potential extension beyond $25,000 could pave the way toward $26,040, reinforcing NAS100’s medium-term bullish framework supported by forex signals.
NASDAQ100 (NAS100) Sustains Bullish Sentiment With Upside Momentum Firmly Intact

NAS100 Short-Term Trend: Bullish

The NAS100 is holding firm above the $23,000 support zone, demonstrating renewed buyer strength. Price action recently retested the order block region around $23,190 before bouncing higher.

The RSI, now recovering from mid-range levels, suggests potential for upward continuation. A sustained break above $23,580 could clear the path toward the $24,050 resistance level.

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