According to Mihir (@RhythmicAnalyst) on Twitter, the NASDAQ Index ($NDX) has encountered a significant resistance level after climbing 32% from its recent low. This technical barrier could signal a potential pause or reversal in the ongoing uptrend, prompting traders to closely monitor for breakout or rejection confirmation. For cryptocurrency traders, major stock index resistance often correlates with increased volatility in digital assets, as risk sentiment may shift across markets (Source: @RhythmicAnalyst, May 16, 2025).