2100NEWS WEEKLY CRYPTO REPORT Mar-27

The NWST1100 index fell 6.73% last week; Midnight (NIGHT), a large-cap Non-Ethereum-based Token, has made the most significant leap in rank within the NWSL100 crypto index on a biweekly basis.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on the Theory Swingtum of intelligent finance. We gauge the crypto market’s breadth and direction by showing the 2100NEWS Digital Assets Total Index (NWST1100), which measures the performance of 1100 (by market capitalization) significant crypto assets. The information-dense chart is initially complex to read, but it clearly displays essential price information, key decision-making levels, momentum, trading volumes, and crypto market breadth. Monitoring Market Sentiment and Breadth is necessary to detect early signs of trend reversals or continued strength.

Our detailed analysis of the NWST1100 chart and related market indicators reveals essential insights into the current market conditions:

The NWST1100 index declined -6.73% over the past week, marking a clear deterioration in market structure following the prior stabilization phase. While early-week price action (23–25 March) showed signs of recovery and even brief breakout attempts, these moves failed to sustain, leading to a decisive reversal by the end of the week. From a structural perspective, the market remains confined within the 4,400–4,800 range, but the latest rejection near the upper boundary confirms that supply remains dominant at resistance levels. The inability to hold above the 0.236 Fibonacci threshold reinforces the view that the recent advance was corrective rather than impulsive. By week’s end, price rotated back toward the lower half of the range, re-establishing downside pressure. Overall, the week reflects a failed breakout attempt followed by renewed downside rotation, reinforcing the dominance of the broader corrective structure.

1.  Market sentiment: Momentum indicators reflect this transition. PPO lines remain below the zero line and have flattened. At the same time, the PPO histogram has rolled over and moved toward negative territory, signaling that the prior positive momentum phase has ended. The RSI declined to around 40, confirming cooling conditions without reaching capitulation extremes. This combination is consistent with a market shifting from stabilization back into controlled correction.
2. Attention has also shifted toward breadth metrics at the bottom of the NWST1100 chart. Market breadth indicators reinforce this interpretation. The Advance-Decline Volume Line (ADVPL) — 2100News’s proprietary adaptation of the AD Line for the crypto market — weakened, indicating a renewed deterioration in capital flows. The McClellan Summation Index, a long-term breadth indicator, flattened and turned slightly lower, confirming that participation is no longer improving. The rebound seen earlier in the month was not supported by broad market participation and has now faded.
3. A50R Participation: According to the chart on the right, across all major segments (NWST1100, NWSET100, NWSL100, NWSCo100), A50R readings highlight structurally weak conditions, with only a small fraction of digital assets trading above their 50-day EMAs. A50R ended the week roughly in the 8%–17% range. Ethereum-based tokens NWSET100 were the weakest segment. This confirms that the market remains in a repair/correction regime, rather than transitioning into a sustained uptrend.

*This breadth indicator is essential in measuring the internal strength or weakness of the underlying index. Looking at the chart on the right side, we can see the A50R lines for four different categories of digital assets:

1. The top box shows the A50R lines for 100 Large-cap members of NWSL100.
2. The middle box displays the A50R lines for 1100 members of NWST1100, which is the Total Index that measures the performance of significant crypto assets by market capitalization.
3. The third box shows the A50R lines for 100 Ethereum Tokens members of NWSET100.
4. The bottom box represents the A50R lines for NWSCo100’s 100 Coins members.

📉 Summary

The market shifted from short-term stabilization into renewed weakness. Momentum has rolled over, breadth is deteriorating again, and failed breakouts confirm that rallies remain corrective. The broader environment remains a range-bound corrective regime with downside bias.

Outlook for the Week Ahead

This section provides a probabilistic assessment of the cryptocurrency market’s short-term trajectory. While markets remain inherently unpredictable, cyclical patterns in price behavior and momentum often reveal recurring structures that help identify the next likely phase of development.

1. From a structural perspective, the market has already entered a support-testing phase within the established range, rather than approaching it. Price remains contained within the broader consolidation band, but both momentum and breadth have shifted into a configuration that no longer supports upside continuation.
2. The RSI (Relative Strength Index) stood at 40 last week, reflecting a loss of upward momentum and is consistent with a market that has transitioned from rebound into active support testing, rather than neutral consolidation.
3. The PPO histogram, which measures the rate of change (i.e., the first derivative) of PPO lines, has crossed below the zero line, confirming entry into the lower half of the momentum cycle. This is a directional signal, not a neutral state. Once this transition occurs, the market typically does not linger around zero but continues the cycle. However, the key nuance at this stage is timing: The support test has already begun (over the weekend), which means the market is now at a decision point early in the week, not later. If support holds, the cycle may truncate, leading to a relatively quick reversal. In that case, the PPO histogram is likely to hook above zero by the end of the week, producing a fast, reactive bounce rather than a prolonged decline. If support fails, the lower half-cycle will fully develop, resulting in deeper downside continuation and a more impulsive move lower.  PPO lines are confirming the shift into corrective pressure, but whether this accelerates depends entirely on the outcome of the current support test.

4. The Breadth indicators at the bottom of the first chart (NWST1100) may continue weakening. However, neither indicator is yet at an extreme, leaving room for stabilization or further deterioration, depending on the price reaction at support. The Advance-Decline Volume Line (ADVL), adapted by 2100News for the crypto market as ADVPL, tracks the net money volume of advancing versus declining digital assets. It may continue to weaken, indicating renewed deterioration in capital flows. The McClellan Summation Index, a long-term measure of market breadth, may decline, suggesting that participation is deteriorating rather than expanding.

5. Importantly, this is a headline-sensitive environment. While the market has partially absorbed geopolitical risks (including developments related to Iran), any unexpected escalation or shift in the narrative could act as a catalyst for a sharp upside reaction, accelerating a bounce.

📌 Target and Scenario Considerations:

📍 Key Levels to Watch:

• Support: 4,350 ( range floor / recent lows)

• Resistance: 4,700 (failed breakout zone), 4,800 (0.236 Fibonacci retracement)

Investors and traders often rely on historical performance data to make informed decisions about their cryptocurrency holdings. After analyzing the table data, it is evident that the weekly fall was broad-based, with blue chips, large caps, and the total market all participating; the overall index fell by 6.73% over the last week. The accompanying chart highlights the performance of key cryptocurrencies, including Bitcoin and Ether, alongside the 2100NEWS Indices, which track Ethereum-based tokens (NWSET100), large caps (NWSL100), and coins (NWSCo100). Among these, Ether was the strongest performer, up about 2.0% over the past thirty days.

While the broader market has declined, different segments and individual cryptocurrencies exhibit different performance dynamics.

Performance Trends by Market Segment:

✔ Ether and NWSCo100 (Coins) led the market,

✔  and NWSL100 (Large Caps) have been improving.

✔ NWS30 and  NWSBE have been weakening.

✔ Bitcoin NWSET100 (Ethereum-based tokens) lagged.

Investors and traders may use this information to adjust their portfolios, shifting focus toward assets with stronger relative momentum while remaining cautious about those in the Weakening quadrant.

*RRG® charts show the relative strength and momentum of groups of digital assets. Those with strong relative strength and momentum appear in the green Leading quadrant. As relative momentum fades, they typically move into the yellow Weakening quadrant. If relative strength then fades, they move into the red Lagging quadrant. Finally, when momentum picks up again, they shift into the blue Improving quadrant.

Crypto (Digital Assets) compared with global equity

This report offers a comprehensive analysis comparing the performance of digital assets, as represented by the NWST1100 index, with that of shares on global capital markets, as measured by the Dow Jones Global W1Dow index. We draw insights into historical achievements and potential future trends by examining their performances across various time frames.

Let’s break down the key observations and implications:

• Historical Performance Comparison:
  • 52 Months Ago: Digital assets vastly outperformed global equities in global capital markets, reaching a record high in the comparative quotient between the NWST1100 and W1Dow indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
  • Over the past twelve months, digital assets have underperformed equities by 38.8%.
• Mean Reversion Opportunity:
  • The average quotient price, represented by a blue dashed curve, has been 7.96 over the past 143 working days, while the current spot ratio is 6.05. This is lower than the long-term mean of 9.34, which has increased since October two years ago.
  • The mean reversion theory suggests that asset prices tend to revert to their historical average returns over time. The current NWST1100-to-DJW price ratio, which is below the long-run mean, may indicate that digital assets are undervalued relative to historical trends.
• Returns Comparison (12-month Accumulation Method) & Strategic Investment Timing:
  • The chart also presents the returns achieved by the simplified index-based accumulation approach—buying one index point per day over 12 months—to simulate a mechanical build-up of exposure. While this method is not equivalent to classical dollar-cost averaging (which involves investing a fixed amount of capital daily), it provides a consistent benchmark for comparing historical costs and returns. The NWST1100 Crypto Index has dropped by 28.26% over the past twelve months. With daily index investments, an investor’s stock price would have resulted in a 34.8% loss from the current index price, due to unprofitable purchases at high entry prices during a prolonged market uptrend, when prices remained above the 143-day moving average for an extended period.
  • The DJW, a broad-based global equity index, rose 14.92% over the past 12 months. However, a daily purchase strategy would have resulted in an 1.6% gain.

• Conclusion:
  

  The recent recovery highlights a fundamental truth in crypto investing: market swings define opportunity. Historically, digital assets have significantly outperformed global equities, but their returns often occur in concentrated bursts following periods of pessimism and capitulation. Prices have fallen below the 143-day EMA, positioning the market at a technically and psychologically critical juncture. Looking ahead, sentiment-driven capitulations often create conditions for stronger rebounds, especially when paired with structural oversold signals. While caution remains warranted in the short term, current price levels could present compelling opportunities for disciplined investors preparing for the next leg in crypto’s broader market cycle.

*The box in the middle of the chart shows the original NWST1100 price; at the bottom is W1Dow. 

Indices Revision 3-27-2026

Following the latest biweekly revision, Monad and Sun improved their ranking and were added to the NWSL100 index. On the other hand, the Story Protocol and dogwithat were removed from the NWSL100 index. Meanwhile, several adjustments were made to the mid-cap index (NWSM200), with new projects introduced and weaker ones removed, reflecting the ongoing dynamism of that segment. The new mid-cap assets, including ADI Chain, Zano, and Venice Token, have been added to the NWSM200 index. Each index’s presentation provides more details on additions and deletions across the broader 2100NEWS index family.

Winning member

Congratulations to Midnight (NIGHT) on achieving a significant milestone: being recognized as the winning member of the NWSL100 crypto index, marking a crucial leap in the ranking of index constituents.

*We elect the member of the NWSL100 crypto index with the most significant jump in our ranking. We will examine how the market rates the project’s progress in case of price changes. It seems important to us whether the project is out of the ordinary tide of crypto project prices. Peer comparisons should be efficient and effective, from an investor’s perspective. 

Midnight (NIGHT) https://midnight.network/

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 20 (Average for Large-caps: 17.1)

Over the past week, the average market capitalization was $785.4 million, and the average daily trading volume was $639.4 million.

Midnight is a new generation of blockchain, developed by Charles Hoskinson – the cofounder of Ethereum and founder of Cardano, that uses zero-knowledge (“ZK”) proof technology to offer utility without compromising data protection or ownership, enabling applications that safeguard user, commercial, and transaction data and metadata. Midnight introduces a novel blockchain architecture designed to address key privacy-limiting design choices in existing public blockchains, supporting applications that require a balance between privacy and disclosure. The Midnight protocol combines the use of a ZK proofs-based, public-private dual-state ledger architecture to protect data, with a composite, dual-component tokenomics design to protect metadata.