QI token can be bought on Kucoin and farmed on Benqi on the avax chain. This token has been dropping like fire in this bull market and unable to keep up with the price appreciation. Most likely this token is being sold as soon as it gets into the hands of the people because of its lack of utility. As you can tell, most likely this will have a hard time recovering...
Did really well on that inital QI pump and now looking for a second leg up. Hard to say this is the bottom or not as the project is new and bottoms can be hard to find on that first drop, but at the very least this looks like a decent R:R area for a bounce.
possible targets are shown by Fibonacci levels for QIUSDT. we do not have enough history to show the resistances and supports so Fibo could be a good choice.
Still early for comprehensive TA but I noticed this is respecting key fib levels.
Taking this into consideration, combining the fibs with the early TA we get levels to watch. If .25c holds:
.25c support, .30c resistance, .40c resistance,
Fib targets : .65c next target. Followed by T2 $1.00 and T3 $1.50
If support breaks .18 and .10 are key support levels.
So I'm just going to post this here so I can push the play button on this chart in a few months. No need for any technicals on a token that's hours old. Bullish though as they have strong backing and could develop into the Aave of the avalanche ecosystem.
