For $QNT , the same problem has been in place for several months.
On Coinbase, about $1.36M in coins are listed for sale at $400. On Binance—another $1.10M at the same price.
And on Coinbase, even higher up there are older orders for $450 and $500.
But new sellers have also appeared—over the last day, orders around $499 were added.
Below, there is currently a buyer for about $523K at $243.
At the same time, $12.4M $QNT has already been withdrawn from Coinbase, meaning some of the coins from the sale were removed.
Now the question is simple: what will happen when the price approaches $400?
If the walls disappear, they’ll just be taken out.
If they remain and start absorbing buys—$400 really could turn out to be a serious ceiling.
And $243 is the main level for me right now on the downside. If this buyer disappears, the idea of holding the current base becomes weaker.
On Coinbase, about $1.36M in coins are listed for sale at $400. On Binance—another $1.10M at the same price.
And on Coinbase, even higher up there are older orders for $450 and $500.
But new sellers have also appeared—over the last day, orders around $499 were added.
Below, there is currently a buyer for about $523K at $243.
At the same time, $12.4M $QNT has already been withdrawn from Coinbase, meaning some of the coins from the sale were removed.
Now the question is simple: what will happen when the price approaches $400?
If the walls disappear, they’ll just be taken out.
If they remain and start absorbing buys—$400 really could turn out to be a serious ceiling.
And $243 is the main level for me right now on the downside. If this buyer disappears, the idea of holding the current base becomes weaker.
