QNT Technical Analysis Feb 10

Although QNT has reached the 68.96$ level with a short-term 4% jump within the main downtrend, it continues to stay below EMA20, and the Supertrend resistance at 86.80$ remains dominant. While RSI is balancing in the neutral zone (47.24) and MACD gives a bullish signal with a positive histogram, the overall picture indicates cautious consolidation.

Executive Summary

QNT’s technical chart shows a short-term recovery signal within the dominant downtrend structure but remains limited below EMA20 (69.87$) and nearby resistances (70.99$, 74.60$). RSI at 47.24 is neutral, MACD is bullish-leaning, but volume support is weak and BTC’s downtrend poses risk for altcoins; if it holds above critical support at 66.64$, targets above 74$ are possible, otherwise 59-53$ could be tested.

Market Structure and Trend Status

Current Trend Analysis

QNT is maintaining its overall downtrend structure; the price traded in the 64.96$-71.27$ range with a 4.23% increase over the last 24 hours and is balancing at the current 68.96$ level. The Supertrend indicator is giving a bearish signal and positioning 86.80$ as resistance. The short-term recovery can be interpreted as a test toward the upper band of the broader timeframe downtrend channel, but strong volume and closes are necessary for a trend change. The downtrend continues on the 1D chart, while the bearish structure on 3D and 1W timeframes shows QNT lagging in altcoin rotation.

Structural Levels

Structural levels include 15 strong points in multi-timeframe analysis: 1D (3 supports/4 resistances), 3D (2S/4R), 1W (4S/4R). In the main downtrend channel, the price is consolidating around the middle band. Breakout scenarios: Above 71.27$ daily high could open the channel upper band to 80$; below 66.64$ support would accelerate the decline.

Technical Indicators Report

Momentum Indicators

RSI(14) at 47.24 is balancing in the neutral zone; departure from oversold indicates short-term momentum improvement, but testing resistance above 50 is required for a crossover. MACD shows a positive histogram and bullish crossover, supporting mild positive divergence in momentum. Stochastic is around 60%, not approaching overbought. The overall momentum picture reflects a local bottom search within the downtrend but lacks strong bullish confirmation.

Trend Indicators

The price continues to stay below EMA20 (69.87$), preserving the short-term bearish bias. EMA50 (around 72$) and EMA200 (around 85$) form a resistance cluster. Supertrend is bearish and emphasizes 86.80$ resistance. In the Ichimoku cloud, the price is below the cloud, with a bearish Tenkan-Kijun cross. Trend indicators confirm downtrend dominance; EMA crossovers should await closes above 74$.

Critical Support and Resistance Analysis

Support zones: 66.6369$ (score 77/100, strong 1D level), 59.8438$ (60/100, 3D support), 53.6000$ (64/100, 1W low). These levels align with Fibonacci retracements and volume profile. Resistance zones: 70.9930$ (69/100, near EMA20), 74.5986$ (73/100, channel top), 80.9850$ (62/100, Supertrend). Pivot points show daily R1 at 70.50$, S1 at 67.00$. In the near term, a breakout above 70.99$ is critical; if it doesn’t hold, it drops to test 66.64$, if broken, opens path to 74-80$. Multi-TF confluence makes the 66-71$ range a consolidation box.

Volume and Market Participation

24-hour volume at 11.29M$ is moderate; volume increase during the recent jump was limited (around 20% rise), indicating weak participation. Volume delta shows negative trend, with selling pressure dominant. OBV indicator is flat, no divergence. Trend change is difficult without high-volume days (previous 20M$+). In altcoin rotation, QNT’s volume is low relative to BTC, carrying liquidity risk. Volume spike should be sought at 74$ test.

Risk Assessment

From current 68.96$, bullish target 108.37$ (score 28, R/R ~1:2.2), bearish target 30.93$ (score 22, R/R ~1:1.3 down). Critical risk: BTC downtrend and rising dominance could pull QNT to 59$. Volatility at 5.2% (high), stop-loss suggestion below 66.00$. Position size should be limited to 1-2% risk. Bull scenario probability 40% (MACD support), bear 60% (trend structure). Overall risk/reward has bearish bias, long requires hold above 66.64$.

Bitcoin Correlation

BTC at 69,693$ level with -1.82% decline in downtrend; main supports 68,399$, 62,910$, resistances 70,496$, 73,869$. BTC Supertrend bearish, rising dominance pressuring altcoins. QNT shows 0.85% correlation with BTC; if BTC drops below 68k, QNT could lose 66$. BTC recovery above 70.5k could trigger QNT 74$ test. To watch: BTC 68.4k support and downtrend in QNT/BTC pair.

Conclusion and Strategic Outlook

QNT’s chart offers a local recovery opportunity within the downtrend (MACD bullish, RSI neutral), but remains cautious under EMA and Supertrend pressure. Strategy: Range trade in 66.64-70.99$ zone, wait for 71$ break for long (target 74-80$, stop 66$), 66.64$ break for short (target 59-53$). BTC stability above 70k is required. Long-term 108$ potential exists but bear target 30$ risk is high. Check detailed data in QNT Spot Analysis and QNT Futures Analysis. This holistic view focuses on confluence-based risk management.