- QNT bounced from below $68.37 support with a strong green candle.
- Inverse head and shoulders pattern is forming on the 4H chart.
- A breakout could lead price toward the $91.95 to $95.63 zone.
QNT is trading within a key technical zone after a temporary breakdown below its support level. Buyers quickly responded, pushing the price back above $68. The price action has created a potential reversal structure as traders closely watch for confirmation of a breakout toward resistance.
QNT Reclaims Support After Brief Breakdown Below $68.37
QNT moved below its established support at $68.37 but quickly reversed after buyers stepped in with a strong daily candle. At press time, QNT trades near $68.77 on Binance, indicating it is holding the lower boundary of a long-term range.
CryptoPulse noted that the support zone between $68.37 and $71.64 remains a key decision point. The recent bounce signals possible strength, but confirmation is still required. The rebound came after a sharp sell-off, which may have triggered liquidity grabs below key levels.
The daily chart shows that despite recent volatility, the price has returned to the previous structure. Traders are now watching for sustained movement above this zone. Without a clear rejection, caution remains, though upside potential is still being monitored
Bullish Pattern on H4 Eyes Resistance Near $91.95
On the 4-hour timeframe, QNT is forming an inverse head and shoulders pattern, which can be an early signal of bullish reversal. The right shoulder is building just above the reclaimed support zone, aligning with the $68.37 base.
CryptoPulse noted that if QNT can push through the nearby resistance zone previously acting as support, it may aim for $91.95. This level also marks the previous weekly high and sits within a broader resistance range ending at $95.63.
A confirmed break above short-term resistance would add structure to the reversal pattern. Volume and continuation will be key to validating the setup. Traders are closely observing this zone for potential follow-through, as a move toward the upper range could unfold quickly.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
