QNTUSD Holds Ground as Bulls Prepare to Breach $78.000 Key Level

Quant price Analysis – QNTUSD Buyers Prepare for Expansion

QNTUSD holding its stance below the $78.000 significant level as buyers prepare for another bullish attack. Despite a subtle drawback following a strong run in April, the bulls remain confident of recovery. They are focused on making further expansions.

Quant Long Key Levels

Support Levels: $62.000, $70.000
Resistance Levels: $78.000, $85.000

Over the past month, QNTUSD buyers have built momentum, recovering from the $62.000 significant zone and advancing upward. The bulls have successfully pressured the market, reaching the $78.000 level amidst overwhelming selling pressure. Sellers have recently emerged to slow the bullish progress, but buyers remain determined to breach the $78.000 key resistance level.

The Bollinger Band indicator highlights a market spread, indicating that buyers are still in charge of the overall trend. The Stochastic Oscillator, however, remains in the overbought zone. This signals that the market may see a short-term pullback before further upward movement.

QNTUSD buyers appear poised to regain momentum and push higher. A breakout above the $78.000 resistance level could pave the way for further gains, with the next target at $85.000. Traders should monitor the Bollinger Band for signs of increased volatility and the Stochastic Oscillator for potential shifts in momentum. On the downside, a minor pullback could occur as the market consolidates, but buyers are expected to defend key support levels at $70.000 and $62.000.

Quant Short-Term Trend: Bullish (4-Hour Chart)

On the lower time frame, QNTUSD shows signs of a minor bearish piercing as sellers attempt to challenge the bulls. However, this is likely to be short-lived as buyers regroup and build stamina for a breakout above the $78.000 significant zone. The Stochastic Oscillator reflects that buyers are still anticipating further upward moves, reinforcing the potential for continued bullish expansion in the near term.

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