Quant (QNT) has fallen 50.5% from its September 27 peak of $373 and dropped below the psychological support level of $200.

The decline came as the market faced selling pressure following news of the Binance attack, with losses estimated at $6.3 billion. Bitcoin (BTC) also fell below $80,000, dragging altcoins down with it.

QNT price levels on the daily chart

QNT is testing the 61.8% Fibonacci support level at $178.8, while the daily chart’s swing structure remains bearish.

Source: QNT/USDT on TradingView

QNT previously fell below $223.5 and formed a local low at $173.56. If the daily session closes below $173.5, the 78.6% Fibonacci level at $126 could become the next price area to watch.

QNT price level Role $373 September 27 daily high $223.5 Price level broken on the daily chart and recovery target noted on the 4-hour chart $212.87 Swing high surpassed on the 4-hour chart $200 Psychological support level broken $178.8 61.8% Fibonacci support $173.56 Local low and level invalidating the bullish scenario on the 4-hour chart $173.5 Daily closing level to watch $126 78.6% Fibonacci level

Mixed signals on the 4-hour chart

QNT has maintained its bullish structure on the 4-hour chart after surpassing the $212.87 swing high, but technical indicators have yet to confirm a reversal.

Source: QNT/USDT on TradingView

The pullback toward the $180 area may be ending. However, the On-Balance Volume (OBV) indicator reflects balanced buying and selling pressure, while the Relative Strength Index (RSI) has fallen below the neutral 50 level.

The 4-hour chart recovery scenario targeting $223.5 would be invalidated if QNT falls below $173.56. Market sentiment remains vulnerable following news of the Binance attack.

Summary

QNT is near a support area following its sharp decline. The bullish structure on the 4-hour timeframe has not been confirmed by indicators, while a daily close below $173.5 could signal the risk of a drop to $126.

Source: https://tintucbitcoin.com/gia-qnt-giam-505-tu-dinh-thang-9-co-nen-mua-luc-nay/

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