QUICK bulls are back in full swing but will they maintain the current trajectory, especially as price breaks out of a long-term descent?
, is making waves in the crypto market owing to its performance. The token has been pushing higher this month, with a significantly big move seen in the last 24 hours too.
In fact, QUICK was one of the best performing cryptos over the last few weeks too. It bounced by as much as 103% from its lowest price level to its peak in August, showcasing strong momentum. While it did pull back towards the tail end of August, it still managed to close the month at a 46% premium from its monthly lows.
QUCK maintained this bullish momentum in the month of September. Its $0.043 press time price was already up over 38% in the last 6 days. Its performance in the last 24 hours was particularly noteworthy, as it bounced by as much as 41% from the day’s low to a high of $0.052.However, the latest upside is the first major instance where the price has challenged resistance and broken above it. What this means is that QUICK is in a recovery rally.
The heavy discount presented a chance for buyers to scoop the token at appealing levels. QUICK bears seemed to lack momentum after the price bottomed out in August and hence, they presented a chance for the bulls to take over.QUICK’s latest rally is already attracting a lot of attention. This may aid bullish momentum if it can attract enough liquidity to fuel more upside. If this happens, traders should expect the price to rally as high as $0.057 before encountering the next resistance zone.
The $0.057 price level means QUICK would rally by roughly 35% from its current level. The highest attainable target for now would likely be its previous ATH at $0.125. Achieving this would be equivalent to a 191% rally from its press time level.Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments.
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