Technical Analysis: QTUM/USDT — Bullish Momentum with Key Targets 🎯
Current Price: $2.85
24h High: $3.005 | 24h Low: $2.492
24h Volume (QTUM): 3.60M QTUM | 24h Volume (USDT): 9.99M USDT
SAR (Parabolic SAR): 2.894 (indicating bullish trend)
Overview:
QTUM/USDT has shown strong upward movement recently, gaining 9.83% in the past 24 hours. The Parabolic SAR indicator is suggesting a bullish trend, with the current price of $2.85 positioned just below the SAR level of $2.894. The price action has broken above short-term resistance, signaling potential for further gains.
Key Support and Resistance Levels:
1. Support:
$2.75 – This level has shown to provide solid support as price rebounded from this point earlier. A pullback to this zone could present a buying opportunity.
2. Resistance #1:
$2.90 – The first resistance target is near the SAR level at $2.894, where price could face selling pressure. Breaking above this level might trigger a move to higher targets.
3. Resistance #2:
$3.00 – This level aligns closely with the 24h High and represents a major psychological resistance. A breakout above this level could signal further bullish momentum and open the way for higher targets.
Target Levels 🎯:
Target 1: $2.90 – If the price continues to rise, expect $2.90 to act as the first key resistance level. A breakout above could signal continuation.
Target 2: $3.00 – The next major resistance lies at $3.00, which is a critical level. A clean break above could pave the way for a further rally.
Target 3: $3.10 – If the bullish momentum sustains, $3.10 could be the next logical target, as it is the next significant resistance level based on historical price action.
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