📊 QNT/USDT Analysis
🔍 Current situation
On the weekly timeframe, QNT/USDT is in the final phase of consolidation within a symmetrical triangle that has been forming since 2022. A breakout above the triangle's upper boundary at $112-$115 signals a potential trend change to bullish.
🚩 Key levels
Resistance: $135 and above — possible targets after a successful breakout.
Support: $85 — a key level in case of a return to the lower boundary of the triangle.
📈 Technical indicators
Ichimoku Cloud: The price is above the cloud, indicating potential upward movement.
Volumes: An increase in volume on the breakout can serve as confirmation for continued growth.
RSI: Checking for overbought conditions may provide additional signals.
🔗 Fundamental aspects
QNT (Quant Network) continues to evolve as a project focusing on blockchain interoperability, which adds fundamental strength to its token.
⚠️ Risks
Insufficient volume on the breakout may lead to a false exit.
Overall volatility in the cryptocurrency market may affect the price.
💡 Recommendations
Investors should closely monitor the price reaction at the $112-$115 level. A confirmed breakout may offer opportunities for long positions. However, if returning to the triangle, it is important to consider potential corrective movements.
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