Technical Analysis for $QNT
/USDT | Binance: 3 Potential Target Levels 🎯
🚀 Current Price: $117.6 (up 3.61% in 24h)
The QNT/USDT pair has been showing a solid upward momentum in the past 24 hours, currently sitting at $117.6, with a high of $118.4 and a low of $112.5. In this post, we’ll analyze potential target levels based on technical indicators and market trends.
📊 Technical Analysis Overview
Support Level: $112.5
Resistance Level: $118.4
Volume: 41,426.47 QNT traded in the last 24 hours
Market Sentiment: Bullish (Price up by 3.61% in the last 24 hours)
🎯 Target 1: $120
Reasoning: The first resistance level sits around $118.4, but a push beyond this level could bring QNT closer to $120, which is a key psychological price point. Traders should watch for a break above $118.4 to confirm the momentum towards $120.
🎯 Target 2: $125
Reasoning: After breaking the $120 mark, the next logical target is $125. This level has been an area of consolidation in the past, and if the bullish trend continues, it is a strong resistance that QNT could test.
🎯 Target 3: $130
Reasoning: A further surge above $125 could send QNT to $130, where previous price action has shown significant resistance. If the market sentiment remains strong and volume supports the move, this could be a key target for longer-term traders.
🔑 Key Takeaways
QNT has demonstrated positive price action, bouncing off key support levels.
Watch for a breakout above $118.4 for confirmation of upward movement.
The next major targets are $120, $125, and $130.
Market sentiment remains bullish, but traders should remain cautious and manage risk with stop losses.
As always, make sure to do your own research (DYOR) and consider potential risks before making any trades.
Happy Trading! 🚀📈
