NASDAQ100 (NAS100) Targets Bullish Momentum Amid Key Resistance Levels

NAS100 Analysis – January 26

NASDAQ100 targets bullish momentum amid key resistance levels. Indicators on the NAS100 daily chart highlight strong bullish momentum. The 9-day SMA at $21,490 serves as dynamic support, with prices consistently trading above it. The MACD histogram remains positive, and its signal line has crossed above the zero level, confirming upward momentum. These indicators reflect sustained buying pressure, reinforcing the current bullish bias.

NAS100 Key Levels

Resistance Levels: $22,140.0, $24,050.0, $25,000.0
Support Levels: $19,920.0, $18,320.0, $17,250.0

NAS100 Long-Term Trend: Bullish

The price action confirms the bullish trend, marked by a higher low near $20,760 and a breakout above $21,430. The formation of the bullish order block, identified as MB, supports further gains. The sell-side liquidity grab below $20,760 revealed strong demand, propelling prices toward $22,140, a key resistance level. Looking ahead, a break above the $22,140 resistance could push NAS100 toward $24,050 in the short term, with a medium-term projection targeting $25,000. However, a pullback to the $21,430 region may offer a better entry point before the next upward leg. The overall outlook remains highly bullish as long as support levels are maintained. Forex signals indicate that the bullish momentum may persist, further aligning with this analysis.

NAS100 Short-Term Trend: Bullish

The NAS100 maintains a bullish direction on the 4-hour chart, forming higher highs and higher lows. A break of structure above resistance at $21,970 will confirm the bullish momentum. The price appears to be targeting the next significant resistance zone around $22,140. The continuation of the upward trend is supported by the MACD indicator and the price trading above the 9-period SMA.

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