Quantstamp (QSP) bulls have proven that they have much higher acquisition power than the selling power of the bears. This is the reason why Quantstamp has recorded a 72.24 rally in the past 24-hours. The surge has brought Quantstamp’s trading value up to $0.08269 per QSP.
As the sentiments of the investors are currently positive, there are high chances for the positive trend to continue for a longer period of time.
This would ensure that the bulls may continue investing more money, elevating the price of Quantstamp to $0.1125 per QSP.
As the bulls keep implementing more pressure over the bears, then more neutral investors may continue growing bullish. This would ensure that the price of Quantstamp continues growing. The second high price that Quantstamp may hit with strong support from the investors would be $0.1328 per QSP.
The bulls may go for another major push in favor of Quantstamp. This time, the bulls may have to have a tremendous amount of Quantstamp acquisition potential up their sleeves to break the bulls’ defenses.
If the bears end up giving way to the bulls, then the bulls may succeed in pushing the price of Quantstamp all the way up to $0.1568 per QSP.
On the other hand, if the bears succeed in dragging the price of Quantstamp to a mark lower than $0.08269, they may continue running a bearish trend.
In this particular case, the first support mark the bears may try to achieve would be $0.07442 per QSP. As the trend starts to steer more into the bearish territory, more investors may start selling Quantstamp. This would pull the price of Quantstamp to the lower figure of $0.06697 per QSP.
As the ratio of the sellers continues surging versus the buyers, the selling spree may continue gaining more intensity. This would result in pushing the value of Quantstamp all the way down to $0.06028 per QSP.
LuxeRacing has also recorded a 70.87% surge in value in the past 24-hours. The bulls have continued investing money in LuxeRacing, which has pushed its price to $0.001576 per LUXE. If the bulls keep on adding more LuxeRacing to their portfolios, then the price of LuxeRacing may continue elevating.
With increased buying sentiments, the bulls may succeed in hitting the first mark, which would be $0.002134 per LUXE.
As the rally rate accelerates, more investors may grow bullish about LuxeRacing. This would result in pushing the price of LuxeRacing to a high of $0.002512 per LUXE. Once LuxeRacing crosses the $0.002512 mark, the moving averages and the RSI may provide strong support to the bullish trend. This would result in pushing the price of LuxeRacing up to $0.002958 per LUXE.