$QNT just surged 20% to 265.5, then turned sideways around the 258 to 285 range. The overall structure remains above the upward-sloping MA lines, favoring buyers, but recent candles with small bodies continuously changing color indicate the market is beginning to hesitate. Resistance above remains very strong at the peak of 283 and the 290–292 band, with sellers dumping and creating long wicks. The current H1 candle has just been pushed back from the high zone. The immediate support level is at 258, with price currently sitting right near this level. Below it lies the 250 zone, where the longer MA lies, and further down is 225 with the low at 195. Volume in previous candles was minimal, but this candle surged sharply, coinciding exactly with the downward pressure and selling. The most critical point now is to wait for the candle to close and see if it holds above the 258 level. If 258 holds and it breaks through 283 with strong volume, only then can it reopen the path back to 290. If 258 breaks, it’s likely to retreat to 250. If 250 is lost too, the uptrend structure collapses entirely, and a drop back to the 225 zone becomes likely. Just a technical perspective for reference, everyone!
