Nasdaq 100 coils in tight range near doji: Live levels

The Nasdaq 100 index is consolidating in a tight rectangle range on its 5-hour chart, trading around 29,354.5 following the formation of a doji candle at 29,298. The index is bounded between key horizontal support at 29,000 and resistance at 29,700, reflecting market indecision alongside declining trading volume and low volatility, with the Average True Range resting near 165.99 (0.57%). Technical indicators show conflicting signals between buyers and sellers. Support remains reinforced by the 200-period simple moving average at 29,277 and the 50% Fibonacci retracement level at 29,088. However, overhead pressure persists below the 50-period moving average of 29,394, the Ichimoku Kijun line at 29,403, and the SuperTrend resistance at 29,614. Traders are monitoring a defined no-trade zone between 29,200 and 29,500. A confirmed breakout above 29,450 could spark upside momentum toward upside targets of 29,825 and 30,324, whereas a decisive breakdown below 29,200 or 28,950 risks precipitating a deeper decline toward the 28,575 and 28,000 support regions.