🚀 $QNT BREAKS ITS MULTIYEAR RANGE | CAN $133.90 BECOME SUPPORT?
The supplied weekly chart shows $QNT breaking above $133.90 and spiking toward $373 before pulling back to $244.29.
That creates a higher high relative to recent swings, but the long upper wick shows substantial rejection. A confirmed higher low is still missing.
The spike’s Fibonacci retracement levels sit near:
• 0.382: $253.4
• 0.500: $216.5
• 0.618: $179.6
Holding $216–$220 and reclaiming $260–$275 would strengthen the recovery scenario.
If the correction extends, $133.90 becomes the major breakout-retest level. A stable base there, followed by a higher low and renewed breakout, would support the green recovery path shown on the chart.
Upside references:
$270 → $373 → $430 → $480
The extended $480 scenario sits approximately 96.5% above the screenshot price. It requires several resistance levels to become support first.
A sustained weekly close below $133.90 would undermine the breakout and put the former range back in focus.
Can $QNT establish support before its next expansion?
The supplied weekly chart shows $QNT breaking above $133.90 and spiking toward $373 before pulling back to $244.29.
That creates a higher high relative to recent swings, but the long upper wick shows substantial rejection. A confirmed higher low is still missing.
The spike’s Fibonacci retracement levels sit near:
• 0.382: $253.4
• 0.500: $216.5
• 0.618: $179.6
Holding $216–$220 and reclaiming $260–$275 would strengthen the recovery scenario.
If the correction extends, $133.90 becomes the major breakout-retest level. A stable base there, followed by a higher low and renewed breakout, would support the green recovery path shown on the chart.
Upside references:
$270 → $373 → $430 → $480
The extended $480 scenario sits approximately 96.5% above the screenshot price. It requires several resistance levels to become support first.
A sustained weekly close below $133.90 would undermine the breakout and put the former range back in focus.
Can $QNT establish support before its next expansion?