NAS100 signals bullish continuation with key levels in focus. The NAS100 index is sustaining a bullish trajectory, with price action holding above the 9-day Simple Moving Average, currently near $23,520. Momentum indicators such as the MACD show constructive stabilization, indicating that underlying demand remains strong despite short-term fluctuations. The overall structure continues to support further upside, as buyers absorb sell pressure around critical zones, maintaining the medium-term bullish bias.
NAS100 Key Levels
Resistance Levels: $24,050, $25,000, $26,040 Support Levels: $23,000, $22,140, $20,360
NAS100 Long-Term Trend: Bullish
The index recently defended the $23,000 support zone, consolidating within a range before breaking higher. The breakout above the short-term descending trendline signals renewed bullish conviction, with resistance now positioned at $24,050. The sequence of higher lows established since June strengthens the ongoing uptrend, while the rebound from the $23,500 zone reflects strong institutional buying interest. Sustained closes above this breakout point would further validate the bullish outlook.
Looking ahead, if the index maintains acceptance above $24,050, it could advance toward the $25,000 psychological level, with a possible extension to $26,040 in the medium term. On the downside, $23,500 remains immediate support, while $23,000 acts as a structural floor to uphold the bullish scenario. As long as buyers remain active at these levels, NAS100 is positioned for continued appreciation in line with broader market momentum.
NAS100 Short-Term Trend: Bullish
On the four-hour chart, NAS100 is trading above the 9-period SMA, confirming short-term bullish momentum. Price has broken above the descending trendline, signaling renewed upward strength.
Immediate resistance lies near $24,050, with $25,000 as the next upside target. Key supports remain at $23,500 and $23,000, ensuring the preservation of the bullish structure. This trend reinforces how forex signals can provide valuable insights for traders navigating key market levels.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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