Bitcoin Stays Above $107K as On-Chain Indicators Suggest Positive Trend
Market Correction Context: Bitcoin's recent 12% pullback is seen as a normal correction within historical patterns, indicating a healthy reset in the ongoing bull market rather than a downturn.
Support and Resistance Levels: Strong support is noted at $107,000, with resistance at $110,000; a breakout above $111,000 is necessary for a shift in market momentum.
Oversold Market Signals: Current data suggests Bitcoin is in an oversold state, with strong buying interest at $107,000, potentially setting the stage for renewed upward momentum.
Long-term Outlook: Analysts believe the ongoing correction is stabilizing risk levels and removing excess leverage, affirming that Bitcoin's long-term upward trajectory remains intact.
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Technical Analysis for QNT
Technical Sentiment Analysis for Quant (QNT) As of , Quant (QNT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for QNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, QNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Quant (QNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 37.991 | 45.796 | 55.751 | 63.556 | 73.511 | 81.316 | 91.271 |
| Fibonacci | 45.796 | 52.58 | 56.771 | 63.556 | 70.34 | 74.531 | 81.316 |
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