Round two for $QNT . After the spike to 373 faded, buyers came back hard: +27.8% in the last 24 hours, price now 291.91.
Zoom out and the week is extreme. QNT is up 289% from a 7-day low of 69.4. Moves this size rarely end quietly.
What I like about this leg: volume is about 182.8M USDT, 2.06 times the 7-day average, and that average already includes the whole run. This is not a thin bounce. $BTC moved only 0.32%, so none of this is the market lifting all coins.
What I do not like: hourly RSI is 67.6, close to stretched, and price still needs another 27.8% to retest 373. The first test of that level failed fast.
My view: strong trend, bad location to start a position. No trade yet.
Proof of strength: a break above 373 with volume holding near 2x average.
Proof of failure: a drop back below about 228, where this 24h leg began. That would hand back the entire second push.
Until one of those happens, I am watching how price behaves on any pullback. Shallow dips on falling volume would be the healthiest sign.
#QNT #Momentum
Zoom out and the week is extreme. QNT is up 289% from a 7-day low of 69.4. Moves this size rarely end quietly.
What I like about this leg: volume is about 182.8M USDT, 2.06 times the 7-day average, and that average already includes the whole run. This is not a thin bounce. $BTC moved only 0.32%, so none of this is the market lifting all coins.
What I do not like: hourly RSI is 67.6, close to stretched, and price still needs another 27.8% to retest 373. The first test of that level failed fast.
My view: strong trend, bad location to start a position. No trade yet.
Proof of strength: a break above 373 with volume holding near 2x average.
Proof of failure: a drop back below about 228, where this 24h leg began. That would hand back the entire second push.
Until one of those happens, I am watching how price behaves on any pullback. Shallow dips on falling volume would be the healthiest sign.
#QNT #Momentum
