IonQ has seen a massive 59% drop, falling from $45 to $20, stretching the market to an extreme oversold level. This steep decline has created a high-probability buying zone between $18 and $20, where a solid rebound could push the price back toward $25–$31 in the short term.
Key Resistance & Confirmation Levels
$26 Resistance → This was the January 10 dip level. If IonQ struggles here, it could signal a confirmed bearish trend, potentially leading to a deeper correction to $10.
$31 Target → If buying momentum drives the price up to $31 but fails to surpass it, we could see another sharp drop to $20, and in a worst-case scenario, even $10.
$35 Breakout → A move above $31 and into $35 would break the bearish downtrend line, but not fully confirm a bullish reversal. To confirm a new bullish phase, IonQ must establish a bullish channel between $25 and $35, which would suggest a gradual recovery and potential accumulation.
Scenarios Moving Forward
Bullish Breakout: A strong rally beyond $35 confirms an end to the bearish cycle.
Consolidation: If IonQ ranges between $20–$35, this could set up for a gradual bullish recovery.
Bearish Continuation: Failure to break $26 or $31 could lead to another steep drop toward $10, repeating its past correction patterns.
Conclusion: IonQ at a Turning Point
IonQ is now in a key decision zone, where the $18–$20 range presents a strong buying opportunity. If it rebounds to $31 but fails to break through, another correction to $20 or even $10 is likely. On the other hand, a breakout above $35 would indicate a shift in momentum, but full confirmation of a bullish trend will require sustained price action between $20 and $35. The coming weeks will be crucial in determining IonQ’s long-term direction.
If IonQ fails to stabilize within these key price zones, it could trigger a major percentage drop of 80–85%, similar to its 2021 crash.
Key downside levels to watch:
$26: Must hold to prevent deeper declines.
$20: Below this, the stock enters a high-risk phase.
$10: A worst-case scenario if bearish momentum intensifies.
Key Resistance & Confirmation Levels
$26 Resistance → This was the January 10 dip level. If IonQ struggles here, it could signal a confirmed bearish trend, potentially leading to a deeper correction to $10.
$31 Target → If buying momentum drives the price up to $31 but fails to surpass it, we could see another sharp drop to $20, and in a worst-case scenario, even $10.
$35 Breakout → A move above $31 and into $35 would break the bearish downtrend line, but not fully confirm a bullish reversal. To confirm a new bullish phase, IonQ must establish a bullish channel between $25 and $35, which would suggest a gradual recovery and potential accumulation.
Scenarios Moving Forward
Bullish Breakout: A strong rally beyond $35 confirms an end to the bearish cycle.
Consolidation: If IonQ ranges between $20–$35, this could set up for a gradual bullish recovery.
Bearish Continuation: Failure to break $26 or $31 could lead to another steep drop toward $10, repeating its past correction patterns.
Conclusion: IonQ at a Turning Point
IonQ is now in a key decision zone, where the $18–$20 range presents a strong buying opportunity. If it rebounds to $31 but fails to break through, another correction to $20 or even $10 is likely. On the other hand, a breakout above $35 would indicate a shift in momentum, but full confirmation of a bullish trend will require sustained price action between $20 and $35. The coming weeks will be crucial in determining IonQ’s long-term direction.
If IonQ fails to stabilize within these key price zones, it could trigger a major percentage drop of 80–85%, similar to its 2021 crash.
Key downside levels to watch:
$26: Must hold to prevent deeper declines.
$20: Below this, the stock enters a high-risk phase.
$10: A worst-case scenario if bearish momentum intensifies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.