#QNT Ready For Bullish Rally Despite Bearish Market Sentiment
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Yello, Paradisers! Is #QNTUSDT About to Break Out, or Will Bears Keep It Trapped? Let's check the latest setup of #Quant and see what might happen next:
💎#QNT has been trapped inside this wedge for months, making lower highs and lower lows. #QNTUSD is showing signs of a potential breakout, but there’s one key resistance level above that could decide everything.
💎Bulls need to break above $115, which has been a major rejection point. A clean breakout here could trigger a rally towards $140-$160, where the next strong resistance zone is waiting. The MACD is showing higher highs while price made lower lows, a classic bullish divergence. This signals that momentum is shifting in favor of buyers.
💎Strong support is around $80-$85, where buyers have stepped in multiple times. Losing this level would lead to a drop to $61-$55, the next major support zone. The Bulls have defended both of these levels before, so they will probably do so this time, too.
💎However, if the bears drag the price below the $55-$61 support level, the bullish setup will be invalidated. In such a case, the bears will drag the price to down levels further.
Stay focused, patient, and disciplined, Paradisers🥂
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.