Quant after Market Wide Reset: Will QNT Bounce Back? 😅📉

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Oh la la, dear friends, over the recent days, our beloved Bitcoin [BTC] took a petits pas, tumbling from $91.4k to $86.3k, shedding 5.6%. A most intriguing phenomenon of the job market revealed 119,000 new positions in September, despite the government’s unfortunate shutdown leading to a triumph of canceled reports. Yet, let us not hastily crow “crypto bottom”!

In the ever-dramatic world of cryptocurrency, Quant [QNT] dances precariously amidst the market’s twists. As detailed by an AMBCrypto envoy, a significant conjuncture of supply lies just shy of the psychological boundary of $100-oh, how the minds of traders love their round numbers!

On a balmy Sunday, the price of QNT climbed to $105, waving a flag that signals a potential bullish resurgence. Alas, the capricious market soon ushered QNT back within this embrace of supply, as though caught between lovers’ quarrels.

Technical etudes in the grand style

The noble QNT, who in a moment of weakness dropped below the former higher low (dubbed ‘orange’ at $85.52!), found its weekly structure bearing a bearish guise. If one seeks the wisdom of old, behold the swing points at $58.6 and $135.6-grand locations of intrigue!

The surge of last week brushed against a supply zone, both at and a tad higher than $100, making a curious retraction dance at this very moment.

Gaze upon the 1-day tapestry, where the price structure boasts bullish colors. The noble 78.6% Fibonacci retracement, residing at $75, stood its ground in November, allowing for a fresh higher high! Yet, in a twist of fate, the resistance at $105, conspicuously unyielding since September, casts a shadow of concern for those traders chasing swings.

Or mayhaps, the imbalance (white box) or the 61.8% retracement level at $88 shall provide sanctuary against further QNT’s descent?

Santé pour la santé! Indicator health check, mon amis

The sagacious OBV has trended lower on the weekly front since August, mirroring its daily sibling. Yet, lo and behold! A recent surge in buying volume wrote a new mythical high. Should this ardor persist, the prospects for a phoenix-like ascent of QNT from the latest setback at $105 hold firm!

And let us not take lightly the RSI, who teeters on the brink of bullish ascendance in the weekly frame, while maintaining its daily optimism. The indicators, as a whole, appear most favorably inclined toward a propitious continuation.

Key vigils to keep

With a touch of analysis to weave their fate, the exalted $110.8-level stands as a weekly bulwark. A formidable breach here would signal an impending bullish symphony. This week anticipates a dip to the regions of $85.7-$88, where valiant buyers might yet triumph.

Yet beware a slip beneath $85, for beneath such a bitter visage lurks the possibility that the bear’s embrace may yet hold sway. Swing traders, hold fast! Await the populace’s reaction at the venerated $75 Fib retreat-a level of pivotal significance in November.

Reflexions finales, with a pinch of dramatic flair

  • QNT parades a bearish structure within the weekly realm and a bullish disposition within the diurnal arena.
  • Whether it be the market’s tempests or the gravity of its base, QNT’s purchasing pressure in the recent pas de deux has been robust. Maintained, it may see bulls parry to guard the $85-support zone, and charge towards $135. Ah, what a splendid wager!

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2025-12-01 08:13