📊 Technical Analysis: $QNT

/USDT on Binance

Current Market Overview:

Price: $115.1 (+8.08%)

24h Range: $104.8 - $115.6

Volume: $2.67M (USDT) / 24,695.97 QNT

Market Sentiment: Bullish momentum in the short term.

Moving Averages (MA):

MA(7): $113.0 (Short-term bullish crossover confirmed as price trades above MA(7)).

MA(25): $109.8 (Indicates mid-term momentum support).

MA(99): $107.3 (Strong long-term support level).

The current price trading above all major MAs suggests bullish continuation, with support consolidation forming near MA(25) and MA(99).

Technical Indicators:

1. RSI (Relative Strength Index): Suggests a slightly overbought condition, indicating potential resistance near $115.6. However, RSI has room for upward movement before a reversal.

2. MACD (Moving Average Convergence Divergence): Bullish crossover points toward positive momentum.

3. Bollinger Bands: Price is nearing the upper band, signaling potential volatility. A breakout could drive price action further upward.

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🎯 Price Targets:

1. Target 1: $118.5

Immediate resistance aligned with psychological levels and Fibonacci retracement.

Short-term traders may book profits here.

2. Target 2: $124.0

Strong resistance zone based on previous swing highs in the last 3 months.

Bullish momentum and volume need to sustain for this breakout.

3. Target 3: $130.0

Major target aligned with long-term resistance.

Achievement depends on market sentiment and sustained buying pressure.

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Support Levels:

$113.0 (MA-7)

$109.8 (MA-25)

$107.3 (MA-99)

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📌 Strategy:

Short-term Traders: Watch for profit-taking near $118.5 with tight stop-loss below $113.0.

Long-term Investors: Accumulate near support levels ($109-$107) for potential upside toward #BitcoinInSwissReserves #MicroStrategyStockSale #BinanceAlphaAlert #BTCMiningPeak #BTC94KShowdown