$QNT has more than quadrupled in a week, up 314.7%, yet it still trades 22% below its 7-day high.
Price is 290.03 after a 5.4% gain in 24 hours. The weekly range runs from 69.4 to 373, so this coin already had its spike and is now looking for a level.
What I like is the volume. About 199.8M USDT traded in 24 hours, around 1.7 times the 7-day average, while $BTC barely moved at -0.12%. Money is still picking QNT on a flat day.
What keeps me careful: hourly RSI is 53, neutral, so there is no fresh momentum signal. The Fear and Greed index is at 74 (Greed), up from 71. After a 4x week, late buyers are usually the ones who pay.
My view is no trade yet. A move back above 373 would tell me there is a second leg. Losing today's gain and slipping under 275 would make 373 look like the top.
I am watching whether volume stays above average while price holds near 290.
#Quant #QNT
Price is 290.03 after a 5.4% gain in 24 hours. The weekly range runs from 69.4 to 373, so this coin already had its spike and is now looking for a level.
What I like is the volume. About 199.8M USDT traded in 24 hours, around 1.7 times the 7-day average, while $BTC barely moved at -0.12%. Money is still picking QNT on a flat day.
What keeps me careful: hourly RSI is 53, neutral, so there is no fresh momentum signal. The Fear and Greed index is at 74 (Greed), up from 71. After a 4x week, late buyers are usually the ones who pay.
My view is no trade yet. A move back above 373 would tell me there is a second leg. Losing today's gain and slipping under 275 would make 373 look like the top.
I am watching whether volume stays above average while price holds near 290.
#Quant #QNT
