-1.59% for Nasdaq 100 as heavy selling keeps index below key moving averages

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Nasdaq 100 slides 1.59% to $23,969

Highlights

The SEC approved Nasdaq's proposal to enable trading and settlement of tokenized securities, including Nasdaq 100 ETFs, via blockchain technology.
Participation in Nasdaq's tokenized settlement framework is restricted to authorized institutions and major index-tracking ETFs, amid broader market selling pressure.
Technical indicators show the Nasdaq 100 trading under key resistance, with bearish momentum dominating and the five-day forecast range at 23,700–24,200 points.

Tokenized ETF settlement advances amid persistent selling pressure

On March 18, 2026, the US Securities and Exchange Commission approved Nasdaq's proposal to allow trading and settlement of tokenized securities, including those of the Nasdaq 100 index. The approved framework enables eligible participants to settle trades in ETFs tracking the Nasdaq 100 through blockchain-based tokenization, with post-trade clearing by the Depository Trust Company. Participation is limited to authorized entities and applies only to a defined group of major benchmark ETFs, though price action has remained under broader selling pressure.

Bearish momentum dominates as oversold signals show minimal reversal

The NASDAQ 100 is trading below the MA-20 ($24,825.55), MA-50 ($25,141.37), and MA-200 ($24,347.98), signaling dominant bearish pressure for both short and medium terms. Immediate resistance is set by the Ichimoku Kijun at $24,746.49, while daily momentum indicators — including MACD and ADX — confirm a downside trend and subdued momentum. RSI, Stoch RSI, and CCI are all in oversold territory, indicating heavy selling, though without strong signs of reversal. BBP highlights strong seller control intraday, and the Awesome Oscillator confirms ongoing downward momentum.

Downside risk prevails as range-bound trading is forecast

Over the next five trading days, the Nasdaq 100 is forecast to move within a typical volatility band of $23,700 to $24,200. With the probability of a price increase below 20%, a further downside move remains the likely scenario. The baseline expectation is price consolidation between established support and resistance. A bullish outcome would require price recovery above $24,746, while continued selling below $23,700 would increase downside risk.

Viktoras Karapetjanc, expert at Traders Union, sees the Nasdaq 100 under notable short-term and medium-term selling pressure but notes the market is digesting a major structural innovation from the SEC’s approval of tokenized securities. He believes regulatory progress could boost long-term confidence, even as technicals remain firmly bearish with key indicators in oversold territory. The expected range is tight and momentum is weak, but market sentiment may shift should the index break above immediate resistance. "Despite current consolidation and downside bias, I see innovations like tokenized ETF trading as setting the stage for eventual recovery and renewed growth in the Nasdaq 100."

Earlier, analysts noted that the Nasdaq 100 was experiencing sustained bearish momentum, with technical indicators and market sentiment pointing toward continued downside pressure. The current outlook reinforces this sentiment amid persistent selling, with traders advised to monitor whether a break below $23,700 would expose the index to further declines in the near term.

Source of Data: NDX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.