$QNT is up 19.26% on the week and down 4.8% today, and I read that as a pause inside a move, not the end of one.
The spark was a report that a clearing house picked Quant for tokenized deposits, with the coin jumping 36% on it. Since then the Robinhood listing landed too, and Quant Network is already powering Lloyds Bank's digital setup. That's a coin with banks in its story, which is rare in this market.
A 4.8% dip after a 36% headline is digestion, not distribution. The headline is still the headline, and nothing in the news has been walked back.
$QNT trades at $214.32 right now. If it holds $200.71, the 24h low, I think it retests $231.67, the 24h high, because buyers already showed up once on this story. If it loses $200.71, I'm wrong on this and there's nothing to defend. Anyone who bought the dip is then just holding a failed bounce.
holding $200.71 or losing it?
follow me for more calls like this.
The spark was a report that a clearing house picked Quant for tokenized deposits, with the coin jumping 36% on it. Since then the Robinhood listing landed too, and Quant Network is already powering Lloyds Bank's digital setup. That's a coin with banks in its story, which is rare in this market.
A 4.8% dip after a 36% headline is digestion, not distribution. The headline is still the headline, and nothing in the news has been walked back.
$QNT trades at $214.32 right now. If it holds $200.71, the 24h low, I think it retests $231.67, the 24h high, because buyers already showed up once on this story. If it loses $200.71, I'm wrong on this and there's nothing to defend. Anyone who bought the dip is then just holding a failed bounce.
holding $200.71 or losing it?
follow me for more calls like this.