Celldex Therapeutics (CLDX: NASDAQ)

Celldex Therapeutics (CLDX), a biopharmaceutical firm specializing in the development of monoclonal antibodies, has disclosed positive outcomes from a Phase 2 study of Barzolvolimab. This medication is designed to address patients with moderate to severe chronic spontaneous urticaria (CSU) refractory.

The study indicated that Barzolvolimab was generally well-tolerated and demonstrated a favorable safety profile. CEO Anthony Marucci emphasized the potential transformative role of Barzolvolimab as a treatment option for patients suffering from CSU. The bullish outlook on CLDX suggests a support level above $35.00-$36.00, targeting an upside in the range of $56.00-$58.00.

Upwork (UPWK: NASDAQ)

Upwork (UPWK), a prominent work marketplace connecting businesses with independent professionals, has experienced significant growth in generative AI job posts and searches for AI skills. CEO Hayden Brown reported a remarkable 1,000% increase in generative AI job posts and a 1,500% increase in searches for generative AI skills during the second and third quarters of 2023.

This surge in demand for AI-related skills positions Upwork favorably in the evolving workforce landscape, particularly with the rising interest in freelance work opportunities. The collaboration with OpenAI further enhances Upwork’s standing. The bullish sentiment on UPWK suggests a support level above $13.00-$13.50, targeting an upside in the range of $22.00-$23.00.

ETH/USD

The cryptocurrency market is currently marked by uncertainty, largely influenced by speculation around the approval of a Bitcoin (BTC) exchange-traded fund (ETF). Ethereum (ETH) has exhibited a 4.5% loss amid this market environment. However, the critical support level at $2,150 remains intact, providing a foundation for buyers.

As long as Ethereum sustains itself above this level within the ascending triangle pattern, buyers are considered to have the advantage. The key resistance to watch is at $2,500. Looking ahead, heightened volatility is anticipated in the coming month, especially with the impending decision on the Bitcoin ETF, which could potentially break the current trading range for ETH. Traders and investors should closely monitor these key levels and be prepared for market shifts based on the ETF outcome.

BNB/USDT

Binance Coin (BNB) has emerged as a positive outlier in the market, closing the week with a 0.3% increase, contrary to the broader trend. This positive performance follows a robust showing at the end of 2023 when BNB surpassed the $300 mark, and it has since sustained this momentum despite overall market volatility.

However, as the coin continues its rally, it faces a significant obstacle in the form of strong resistance at $360. Breaking above this level could prove challenging, especially given the absence of a substantial pullback in the rally so far. It is suggested that BNB may encounter difficulties surpassing this resistance level on its initial attempt. Traders and investors should closely monitor price movements and be attentive to potential developments in this dynamic market.