$QNT My first instinct about this round of gains was "someone is in a hurry to get inventory," but instinct needs verification — 6 days ago it was still sitting near $65, with daily trading volume of only $10 million, and then on October 1 the price suddenly surged to $287, with nearly $900 million traded that day. It rose 293% in 30 days, completing the entire parabolic move in less than a week. What is really worth noting are the days when volume exploded: on September 26 it was only $93 million, on the 27th it became $229 million, and on the 28th it jumped directly to $1.49B. Seven days ago, the move from $65 to $287 was not something that can be explained by money slowly flowing in; it was organized capital choosing it at a specific moment.
But after the rally, the volume also cooled off quickly: on October 3 trading reached $428 million, yesterday it was $293 million, and volume is contracting. Now QNT's market cap is less than $4B, still 39% below ATH. If you want me to name a price range, I think as long as it doesn't break $240_250, we should wait to see whether volume can expand again after consolidation. What really needs attention is the process of rapid cooling: if trading volume continues to shrink below $200 million over the next three days, then this breakout will be reclassified as a pulse — just like the last top, no aftershock will appear. My own judgment does not depend on whether price goes up or down, but on the degree of volume follow-through to determine whether this is still a true breakout; if volume stalls, I will exit.
But after the rally, the volume also cooled off quickly: on October 3 trading reached $428 million, yesterday it was $293 million, and volume is contracting. Now QNT's market cap is less than $4B, still 39% below ATH. If you want me to name a price range, I think as long as it doesn't break $240_250, we should wait to see whether volume can expand again after consolidation. What really needs attention is the process of rapid cooling: if trading volume continues to shrink below $200 million over the next three days, then this breakout will be reclassified as a pulse — just like the last top, no aftershock will appear. My own judgment does not depend on whether price goes up or down, but on the degree of volume follow-through to determine whether this is still a true breakout; if volume stalls, I will exit.