$QNT has taken a pretty big hit lately‼️🔍
The token is now trading nearly 50% below its September high of $373, and even the important $200 level couldn't hold during this market-wide selling.
But is this where buyers might start looking for an opportunity? 👀
Right now, $178–$180 is an important area to watch. QNT is trying to hold this support after a major correction. On the 4H chart, bulls already showed some strength by pushing price above $212.87 earlier. So, another recovery attempt is still possible if buyers return.
📈 Bullish scenario: If QNT manages to defend $173.5 and buying pressure starts increasing, we could see a recovery towards $200 and eventually $223.5. A stronger market recovery may give it even more room to move higher.
⚠️ Bearish scenario: If $173.5 breaks with a strong daily candle close, things could get ugly. Price may slide towards $126 next.
Personally, I would watch the support reaction before entering. No need to rush into a falling market.
QNT could be preparing for a bounce, but confirmation is still missing. 🚀
The token is now trading nearly 50% below its September high of $373, and even the important $200 level couldn't hold during this market-wide selling.
But is this where buyers might start looking for an opportunity? 👀
Right now, $178–$180 is an important area to watch. QNT is trying to hold this support after a major correction. On the 4H chart, bulls already showed some strength by pushing price above $212.87 earlier. So, another recovery attempt is still possible if buyers return.
📈 Bullish scenario: If QNT manages to defend $173.5 and buying pressure starts increasing, we could see a recovery towards $200 and eventually $223.5. A stronger market recovery may give it even more room to move higher.
⚠️ Bearish scenario: If $173.5 breaks with a strong daily candle close, things could get ugly. Price may slide towards $126 next.
Personally, I would watch the support reaction before entering. No need to rush into a falling market.
QNT could be preparing for a bounce, but confirmation is still missing. 🚀
