Latest BENQI (QI) Price Analysis

Deep Dive

1. Profit-Taking Pressure (Bearish Impact)

Overview: QI’s 33.93% 90-day rally likely prompted profit-taking, amplified by its 46.42% surge in trading volume ($8.72M) during the sell-off. The 7-day RSI (58.1) retreated from near-overbought territory (70+), signaling cooling momentum.
What this means: Traders often trim positions after sustained uptrends when assets approach psychological resistance. BENQI’s 24h price drop (-8.6%) exceeded both Bitcoin (-1.85%) and Ethereum (-1.13%), suggesting coin-specific profit extraction.

2. Technical Rejection at Key Level (Mixed Impact)

Overview: QI faced resistance at the 50% Fibonacci retracement ($0.0078782), a level derived from its July swing high ($0.00908) and August low ($0.00667). The 200-day EMA ($0.0085771) also capped upside.
What this means: Failed breakout attempts often trigger reversals. A close below the 50% Fib could expose the 61.8% support ($0.0075941). Conversely, reclaiming $0.0078782 might reignite bullish momentum.
What to watch: Daily closes relative to $0.0078782 and the 200-day EMA.

3. AVAX Ecosystem Volatility (Bearish Impact)

Overview: BENQI’s liquid staking (15.66M AVAX locked) ties it to Avalanche’s performance. AVAX fell 4.3% this week, reducing demand for staking derivatives like sAVAX and pressuring QI’s utility-driven valuation.
What this means: As Avalanche’s TVL leader, BENQI faces indirect selling when AVAX weakens. However, Grayscale’s pending AVAX ETF application (2 Sep 2025) could revive ecosystem activity.

Conclusion

QI’s drop reflects profit-taking after strong mid-term gains, technical resistance, and spillover from AVAX’s volatility. Traders appear cautious despite BENQI’s expanding DeFi integrations. Key watch: Can QI hold the 61.8% Fib support ($0.0075941) to prevent a deeper correction toward its 30-day SMA ($0.0073521)?

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: QI’s price broke above key resistance levels, with the 7-day RSI hitting 70.59 (overbought territory) and the MACD histogram trending upward since mid-August.

What this means: The RSI suggests short-term overheating, but the MACD’s bullish crossover (0.000129 vs. 0.000073 signal line) indicates sustained buying pressure. The price also cleared the 61.8% Fibonacci retracement level ($0.0073079), a critical resistance-turned-support zone.

What to look out for: A close above $0.00833 (recent swing high) could target $0.00936 (161.8% Fibonacci extension), while a drop below $0.0075 (50% retracement) may signal profit-taking.

2. Ecosystem Momentum (Bullish Impact)

Overview: BENQI’s liquid staking product now holds over 15M AVAX (BENQI Finance), and its Kraken listing in July expanded accessibility.

What this means: Growing TVL and exchange adoption signal utility-driven demand for QI, which powers staking, governance, and fee discounts. The 142% surge in 24h trading volume aligns with increased network activity, reducing sell-side liquidity.

Conclusion

QI’s rally reflects technical momentum fueled by improving fundamentals, though overbought conditions warrant caution. Key watch: Can BENQI sustain its TVL growth amid broader altcoin strength (Altcoin Season Index: 75)?