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QNTUSD Price Analysis – June 10
QNTUSD buyers are maintaining their bullish streak as they continue to pedal higher, currently pushing prices up to the $123.910 key level. Despite a slight drawback observed in the previous week, buyers have shown remarkable resilience, refusing to lose strength. Since April, there has been a consistent buildup in bullish market sentiment, and this month, bulls successfully broke through the significant $100.000 level, continuing their ascent.
QNTUSD Key Levels
Support Levels: $120.000, $115.000
Resistance Levels: $125.000, $130.000
QNTUSD Long Term Trend- Bullish (Daily Chart)
However, with this consistent upward movement, there are indications that a lag might occur in their pursuit of higher prices. The Stochastic Oscillator is currently trading in the overbought area, suggesting that buyers may need to pause or consolidate to avoid exhaustion. Despite this, the Parabolic SAR (Stop and Reverse) indicator continues to reflect a bullish atmosphere surrounding the market, signaling that buyer momentum remains intact.
The long-term outlook for QNTUSD suggests that sustaining support at the $120.000 level will be critical for maintaining bullish sentiment. A breach above the $125.000 resistance could lead to further gains, potentially targeting the $130.000 level. Conversely, if prices fall below $115.000, it may raise concerns about the sustainability of the bullish trend.
QNTUSD Short Term Trend- Bullish (4-hour Chart)
In the short term, traders should closely monitor the price action around the $123.910 level. If buyers can maintain their momentum and push through the $125.000 resistance, it may indicate the continuation of the bullish trend. The Stochastic Oscillator will be vital for assessing any potential pullbacks or corrections.
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