$QNT went from 98 to 374 in three days, and now back to 286. I’ve seen this kind of move too many times.
Quant Network is an old project focused on cross-chain interoperability, and it’s mainly built around the enterprise-grade cross-chain solution called Overledger. The market isn’t big, the liquidity is low—once it gets going, it flies; once it drops, it sinks deep. This time is no exception.
Market signals: After the high point at 374.5 was hit, there was a continuous pullback. In the past three 4h K-lines, the candles closed bearish, falling from 316 to 286. The support is at 237—that was the low after the revisit on September 29. The resistance is at 327; this morning the price tried to push up but didn’t break through. Current price: 286.26, stuck in the middle—not going up, not going down. My bias is bearish; if the bounce lacks strength, that means weakness.
Market sentiment: The funding rate is -0.0293%, and shorts are paying. This indicates that bearish sentiment is still in play, and the bulls haven’t been able to take over. A 24h gain of 6.35% looks fine, but that’s from a bounce off 252—not a trend reversal from the bottom. A rebound doesn’t mean a reversal.
Whale activity: On September 27, that 4h K-line had a transaction amount of $930 million—jumping straight from 185 to 374. That was the main surge wave, and also the distribution wave. After that, the transaction amount on each subsequent K-line decreased step by step—from 500 million down to 300 million and now to 67 million. The main force has left; retail investors are taking the bag. The volume ratio is 0.21, meaning the current trading volume is only one-fifth of the average of the previous 20 periods. Nobody’s playing anymore.
Volume-price structure: A typical “high volume, high price” setup. The K-line that marked the top at 374 had a volume of 930 million. After that, the volume collapsed dramatically. The price bounced back to around 300 but got pushed down again—without volume confirmation, the rebound is just fake. With this kind of structure, chances are the price will probe downward once more to test the 237 support.
Candlestick details: In the past ~30 4h K-lines, the lows are 97.68 and the highs are 374.5, for a 283% amplitude. In the last three candles, they’ve been consecutive bearish closures; the bodies aren’t large, and the upper wicks are short—suggesting weak rebound momentum. The K-line on September 28, which fell from 269 to 195, was the most brutal—one candle swallowed the gains from the prior two days. After that, there was a rebound, but none of it reclaimed the territory lost to that bearish candle.
Nini’s plan: Mainly observe. Don’t chase at 286. Until the resistance at 327 is broken, don’t go long. If it pulls back but doesn’t break 237, you can consider a small-position long; place the stop-loss at 220. If 237 breaks, the next support to watch is 200. For shorting: if the rebound pushes into the 310–320 range, you can place orders there, with a stop-loss at 335.
If you need a tailored strategy, you can find Nini.
#QNT #跨链 #Interoperability
Quant Network is an old project focused on cross-chain interoperability, and it’s mainly built around the enterprise-grade cross-chain solution called Overledger. The market isn’t big, the liquidity is low—once it gets going, it flies; once it drops, it sinks deep. This time is no exception.
Market signals: After the high point at 374.5 was hit, there was a continuous pullback. In the past three 4h K-lines, the candles closed bearish, falling from 316 to 286. The support is at 237—that was the low after the revisit on September 29. The resistance is at 327; this morning the price tried to push up but didn’t break through. Current price: 286.26, stuck in the middle—not going up, not going down. My bias is bearish; if the bounce lacks strength, that means weakness.
Market sentiment: The funding rate is -0.0293%, and shorts are paying. This indicates that bearish sentiment is still in play, and the bulls haven’t been able to take over. A 24h gain of 6.35% looks fine, but that’s from a bounce off 252—not a trend reversal from the bottom. A rebound doesn’t mean a reversal.
Whale activity: On September 27, that 4h K-line had a transaction amount of $930 million—jumping straight from 185 to 374. That was the main surge wave, and also the distribution wave. After that, the transaction amount on each subsequent K-line decreased step by step—from 500 million down to 300 million and now to 67 million. The main force has left; retail investors are taking the bag. The volume ratio is 0.21, meaning the current trading volume is only one-fifth of the average of the previous 20 periods. Nobody’s playing anymore.
Volume-price structure: A typical “high volume, high price” setup. The K-line that marked the top at 374 had a volume of 930 million. After that, the volume collapsed dramatically. The price bounced back to around 300 but got pushed down again—without volume confirmation, the rebound is just fake. With this kind of structure, chances are the price will probe downward once more to test the 237 support.
Candlestick details: In the past ~30 4h K-lines, the lows are 97.68 and the highs are 374.5, for a 283% amplitude. In the last three candles, they’ve been consecutive bearish closures; the bodies aren’t large, and the upper wicks are short—suggesting weak rebound momentum. The K-line on September 28, which fell from 269 to 195, was the most brutal—one candle swallowed the gains from the prior two days. After that, there was a rebound, but none of it reclaimed the territory lost to that bearish candle.
Nini’s plan: Mainly observe. Don’t chase at 286. Until the resistance at 327 is broken, don’t go long. If it pulls back but doesn’t break 237, you can consider a small-position long; place the stop-loss at 220. If 237 breaks, the next support to watch is 200. For shorting: if the rebound pushes into the 310–320 range, you can place orders there, with a stop-loss at 335.
If you need a tailored strategy, you can find Nini.
#QNT #跨链 #Interoperability