QNT is showing a small recovery after a recent decline, but the overall daily chart still faces selling pressure.
🔍 Key Levels to Watch:
🟢 Support Zone: $200–$203 If this zone holds, $QNT may attempt a recovery.
🔴 Resistance 1: $222–$230 A breakout above this area could strengthen bullish momentum.
⚠️ Resistance 2: $235–$240 Further upside may require stronger buying volume.
📉 Indicator Signals: • Price is below the 7-day moving average near $230.11, suggesting short-term weakness. • MACD remains negative, indicating bearish momentum is still present. • The current bounce needs confirmation from stronger volume.
🎯 My View: $QNT is approaching an important support area. A successful hold could lead to a relief bounce, while a breakdown below $200 may increase downside risk..