QNT/USDT: Testing Key Resistance Levels
$QNT

Moving Average (MA) and VWAPMA 200: The price is trading below the MA 200, which is around 72.1, acting as a significant resistance level. If the price climbs above this level, it may indicate a shift in momentum towards bullish territory.

VWAP: Positioned at 67.0, which is slightly below the current price, suggesting that there is modest bullish pressure as the price is trading above the VWAP.

Relative Strength Index (RSI)The RSI on the 4-hour chart is at 48.78, indicating neutral conditions. This suggests that the asset is not overbought or oversold, leaving room for potential upward or downward movement.

Moving Average Convergence Divergence (MACD)The MACD line is close to the signal line with a slightly negative histogram, showing a lack of strong momentum. A bullish crossover in this area could signify the start of an upward movement.

Cluster Analysis and Support/Resistance LevelsSupport Zone: Key support is located between 64 - 66, which has served as a recent buying zone. This area may act as a strong foundation if the price declines.

Resistance Zone: Immediate resistance lies around 72 - 74. A breakout above this level with substantial volume could open the path towards higher levels, potentially around 78.

Bullish ScenarioIf the price breaks above the 72 resistance level, there is potential for a rally towards 74 - 78. Sustained trading above both the MA 200 and VWAP would further confirm the bullish outlook.

Bearish ScenarioA failure to hold above 66 could lead to a retracement towards the support zone at 64 - 66. Increased selling pressure below this support could pave the way for lower levels, possibly around 60.