QANX/USDT Technical Analysis – March 2025Market Structure & Trend Analysis
QANX/USDT is currently trading within a long-term symmetrical triangle pattern, marked by a series of higher lows and lower highs. The price is approaching a critical resistance zone around $0.05672, which aligns with the descending trendline acting as dynamic resistance. A breakout above this level could signal the start of a new bullish phase.
Key Levels to Watch
Support Levels:
$0.03421 – A crucial horizontal support that has provided strong demand in the past.
$0.04243 – A short-term support level, aligning with previous consolidation zones.
Resistance Levels:
$0.05672 – Key resistance at the trendline; a breakout here could trigger further upside momentum.
$0.08000 – Secondary resistance where past rejections have occurred.
$0.16000 – Ultimate bullish target if price clears previous key resistance zones.
Indicators & Momentum Analysis
Moving Averages: The price is trading above the 4 EMA cluster, suggesting short-term bullish momentum. If the price holds above these levels, further upside is likely.
RSI (Relative Strength Index): Currently at 68.52, indicating bullish momentum but nearing overbought territory. If RSI crosses 70, a short-term correction might occur before a breakout.
Volume: With 1.62M in trading volume, liquidity remains strong, and any breakout should be confirmed with a volume surge.
Trading Plan & Targets
Bullish Scenario
If QANX/USDT successfully breaks and closes above $0.05672, it could target: ✅ First Target: $0.08000 – Mid-range resistance.
✅ Second Target: $0.16000 – Major resistance and previous liquidity zone.
Bearish Scenario
If rejection occurs at the resistance zone and price loses $0.04243, a retest of the $0.03421 support could follow. A breakdown below this level may invalidate the bullish setup.
Conclusion
QANX/USDT is at a decisive point, with the potential for a breakout in either direction. The key confirmation will be a daily close above $0.05672 with strong volume. Traders should watch for RSI conditions and volume spikes before entering positions.
