$QNT QNT/USDT Market Update – Bearish Retracement or Reversal Ahead?
Current Price: $104.3 (-10.93%)
24h High: $118.3 | 24h Low: $103.2
24h Volume: QNT: 51,523.43 | USDT: 5.69M
Quant Network's QNT has dropped sharply, hitting its lowest point of $103.2 in the past 24 hours. The token is now attempting a recovery, testing immediate resistances. Here's what to watch out for in the coming sessions.
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Technical Analysis Highlights:
🔸 Immediate Support: $103.2 – A break below could see QNT revisit the psychological $100 level.
🔸 Resistance Levels:
EMA(7): $105.6 – Current short-term resistance.
EMA(25): $108.7 – Mid-term trendline to clear for a potential reversal.
EMA(99): $113.8 – Long-term indicator for a broader trend shift.
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Momentum Indicators:
Volume Analysis: Selling pressure is easing slightly, showing early signs of stabilization.
RSI: Approaching oversold levels, hinting at a possible bounce in the short term.
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Trade Strategy:
🔹 Bullish Outlook:
If QNT can reclaim $105.6 (EMA 7) with strong volume, it could retest $108.7 (EMA 25) and aim for $113.8.
🔹 Bearish Risks:
Failure to hold $103.2 might trigger further declines, testing $100 as the next major support zone.
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Stay tuned to Binance for live updates and capitalize on potential QNT/USDT market moves.
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