QNT Technical Analysis Mar 1
The post QNT Technical Analysis Mar 1 appeared on BitcoinEthereumNews.com.
QNT is testing the critical $65.26 resistance at the $63.59 level, with the short-term downtrend dominating, but the %3.47 rise in the last 24 hours and neutral RSI(42.12) make both bullish and bearish scenarios possible. Current Market Situation QNT is currently trading at $63.59 and moved in the $60.19 – $65.59 range with a %3.47 increase over the last 24 hours. Volume remains at a moderate $7.36M level, while the overall trend continues downward. Technical indicators show RSI at 42.12 in the neutral lower zone, MACD giving a bearish signal with a negative histogram, and price trading below EMA20 ($66.16). The Supertrend indicator is bearish, pointing to $76.39 resistance. In multi-timeframe (MTF) analysis, a total of 10 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/1 resistance on 1D, 1 support/1 resistance on 3D, and 4 supports/3 resistances on 1W. Critical supports are $61.57 (score 64/100) and $59.55 (score 63/100), with resistance at $65.26 (score 77/100). There are no significant developments specific to QNT in market news flow, highlighting technical factors. Scenario 1: Bullish Scenario How This Scenario Unfolds? For the bullish scenario, a clear break and close above the $65.26 resistance is required first. This breakout, if supported by increasing volume (above current $7.36M), is confirmed by RSI rising above 50 and MACD histogram crossing above the zero line. After surpassing short-term EMA20 ($66.16), the Supertrend flipping direction (gaining momentum toward $76.39) strengthens the scenario. Holding 1W supports (around $59) in MTF signals a break of the overall downtrend. In this scenario, QNT could show positive divergence from BTC (relative strength), especially if BTC remains stable. Momentum increase is expected post-breakout; for example, a green candle formation after a long lower shadow or doji on the daily candle. A %20-30 volume increase indicates institutional buying kicking…
Filed under: News - @ March 1, 2026 7:08 am