- QF has broken out of a multi-month downtrend, rising 9.7% to trade at $1.40 with a high of $1.5294.
- Key support levels are now established at $1.26 and $0.79, following a successful breakout and retest.
- Immediate resistance lies at $1.51, with price holding strong gains across ETH and BTC trading pairs.
Quantum Fusion (QF) has extended its daily gains with a strong 9.7% surge, pushing its price to $1.40. This move follows a clear breakout above a multi-month downtrend line on the daily chart. The asset has now reached its highest level in several weeks.Â
Notably, QF has also maintained upward momentum after a tight consolidation near $0.79, which now serves as a recent pivot zone. As the price approaches the resistance level at $1.51, market participants appear to be closely observing its next range move.
Technical Reversal Begins Near $0.79 Support
The QF/WETH chart shows a distinct trendline breakout that occurred near the $0.79 level. The price had previously followed a consistent downward path from February through late June. However, in early July, QF began forming a base just above $0.70. It then breached the descending trendline during a sharp move upward.
Following this breakout, QF held steady around $0.79 before accelerating higher in recent sessions. That same level now acts as short-term support. As the price continues higher, $1.26 stands as the next significant support zone. It sits well above the breakout region and may play a role during any pullbacks.
QF Holds Bullish Structure as Price Eyes Breakout Above $1.51 Resistance
QF has registered an increase of 5.6% against ETH and 8.5% against BTC, reflecting rising demand across multiple trading pairs. The current range shows a high of $1.51 and a low of $1.26 within the last 24 hours. As price consolidates around $1.40, it approaches the defined resistance level of $1.51.
Volume during the recent move has been consistent with prior breakouts. The breakout structure now remains intact while price holds above $1.26. This zone, along with $0.79, may help define the broader support corridor if selling pressure emerges.
With support clearly defined near $1.26 and $0.79, the structure remains bullish above these levels. Price has formed higher highs since clearing the descending trendline. Each new daily close above $1.26 confirms strength in the current rally. Short-term resistance at $1.51 remains a critical level, as price consolidates its gains.
