Seeing QNT red as hell and my tears are almost falling, but I still have to force a smile, guys 🤡. This market hits you without missing a beat—especially when QNT just went through a “healthy” correction after a parabolic run. Still, there are some faint bright spots for us to hold onto.
On the 1H chart, QNT is trading at $255.97, with RSI 43.8 indicating the momentum is cooling down. Price is below MA25 ($267.798) and MA99 ($265.121), but above MA7 ($251.491). This suggests that short-term selling pressure is pretty clear. The trading volume over the past 24 hours is also over $102 million USDT, down -12.41%—truly “blood flowing like a river” 📉. However, if we look at the 1D timeframe, the macro picture is much brighter. QNT has had a strong uptrend lasting for years, confirmed by the price trading well above all the major moving averages. The 1D RSI is at 70.9—there’s still room to recover after cooling off from the overbought zone.
On the 1H chart, QNT is trading at $255.97, with RSI 43.8 indicating the momentum is cooling down. Price is below MA25 ($267.798) and MA99 ($265.121), but above MA7 ($251.491). This suggests that short-term selling pressure is pretty clear. The trading volume over the past 24 hours is also over $102 million USDT, down -12.41%—truly “blood flowing like a river” 📉. However, if we look at the 1D timeframe, the macro picture is much brighter. QNT has had a strong uptrend lasting for years, confirmed by the price trading well above all the major moving averages. The 1D RSI is at 70.9—there’s still room to recover after cooling off from the overbought zone.
