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- The Quant Price formed a strong bullish candle from the support zone at $105 and may approach 50 day ema soon
- The Lido DAO Price chart is forming higher high candle formation and showing signs of bullish trend reversal.
QNT and LDO prices had shown strong recovery from the recent lows and likely to continue the upside momentum in coming weeks. As of now, QNT/USDT is trading at $116.5 with the intraday gains of 6.50% and LDO/USDT is trading at $1.049 with the intraday gains of 0.96%
Will QNT sustain the recent upmove ?
On a daily time frame, QNT Price had been reversing from the lower range support at $100 and formed a strong bullish candle. From the past couple of weeks QNT was consolidating in the range between $100 to $132 with the mild bearish bias but recently, QNT hits lower range and showing signs of short term bullish trend reversal.
The MACD had generated positive crossover indicating more upside possible in coming weeks, and the RSI breakout 50 levels also confirms the strength in QNT prices. The 200 day ema (green) and the 50 day ema (yellow) will act as an immediate hurdle in coming days followed by the next hurdle at $132. If bulls succeed to trade above $140 we may see more upside movement towards $150 levels. On the lower side $100 will act as an important support for bulls, and if price slipped below $100 we may see further downside towards $80 and below levels.
Bullish trend reversal in LDO Price ?
On a daily chart, Lido DAO price had been struggling to defend its previous month low at $0.872 and formed a bullish candle which indicates responsive buyers are active at lower levels. From the past couple of weeks LDO prices had also traded in the sideways range between $0.881 to $1.296 while facing resistance at downward sloping 50 day ema, but recently after hitting the lower range at $0.881 LDO prices gained some positive momentum and heading upside with the higher highs candle formation.
The MACD had generated positive crossover indicating more upside possible in coming weeks, whereas the RSI at 50 indicating a balance between bullish and bearish positions. The 50 day ema (yellow) at $1.123 will act as an immediate hurdle for bulls followed by next at $1.296. On a lower side $0.881 will be a savior for bulls and if price slipped below we may see further downside towards $0.600 and below levels.
Summary
QNT and LDO both are reversing upside from its important support zones and likely to outperform in coming weeks. Traders and investors might look for buying opportunities at current levels by keeping SL at the support levels mentioned above.
QNT/USDT Technical levels
Resistance levels : $132.00 and $150.00
Support levels : $100.00 and $80.00
LDO/USDT Technical levels
Resistance levels : $1.296 and $1.600
Support levels : $0.881 and $0.600
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.