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$QNT is breaking out downwards #QNT

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$QNT In a shorter time frame, price is ranging within a symmetrical triangle. A breakout on either side will determine the short-term move. Although the price is holding the lower trend line nicely and taking support from it, the support weakens each time the price touches it as liquidity is collected from it. #Qnt

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$W chart update: In a shorter time frame, W is creating a W pattern. The potential formation of W pattern, also known as a double bottom, is typically a bullish reversal signal, indicating that the price might break out upward if it successfully completes the pattern. The resistance zone around $0.0285 is the neckline resistance. If the price breaks above this level with strong volume, it would confirm the W pattern breakout. Additionally, the price recently flipped the 100-day moving average and is now holding above it nicely. #Wormholecoin

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$SUI had a sharp rally breaking through key resistance before the consolidation. After creating recent highs, it seems like it is exhausting and looking for a correction. Price is currently holding above the support level $3.0965 that is an important level for the buyers to hold to continue the bullish movement. If they lose this level and sellers will take the control and price might drop sharply.  Currently Price is ranging in the descending channel which is usually a bullish pattern but confirmation will only come with an upside breakout. If the price breaks below the $3.0965 support, the next significant area of support is around $2.83 (the gray zone). Additionally, there is a 100-day moving average on the 6-hour time frame below this level, which could provide further support if the price falls below $3.0965. 

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$RENDER Putting one more limit buy order at $6.822, I expect a 10-15% correction from overall market. Can be bigger than this but this is the minimum I am expecting. #NFA✅ #Dyor2024

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