- QNT is trading at $65.28 which is a -1.2 percent decline in 24 hours but is clinging to the $65.10 support level.
- In the short run, there is an instant resistance at $66.71, which prevents upward short-term trades on the 4-hour chart.
- A Fair Value Gap of between $60-$61 is still a major liquidity range that would be lower than the current price.
Quant (QNT) was trading at $65.28 on the 4 hour chart and the momentum was decreasing as it approached the short-term resistance. The asset recorded a 1.2% drop in the last 24 hours, and it was trading at 0.0009571 BTC, down 1.3, and 0.03298 ETH, down 1.1. Price remained slightly above the support of price at $65.10, and immediate resistance at the price of $66.71. In the meantime, the 4-hour framework revealed weakening upside momentum following a preexisting inverse head and shoulders pattern that was no longer keeping up.
QNT Tests Support as Upside Momentum Fades
On the chart, QNT previously formed an inverse head and shoulders pattern, which often precedes upward continuation. However, the latest candles show smaller bodies and lower highs. As a result, price failed to extend beyond the mid-$70 region seen earlier on the chart.
Rather, the sellers recovered around $70 and pushed back the price towards the $65 region. Moreover, the present price is near the support of $65.10. This value coincides with the lower end of the new 24-hours range. However, resistance at $66.71 caps immediate recovery attempts. Consequently, the price remains compressed within a narrow band.
Fair Value Gap Between $60 and $61 in Focus
Below the current range, the chart highlights a Fair Value Gap between $60 and $61. This zone marks a prior imbalance where price moved rapidly upward. Therefore, liquidity may rest beneath that region.
If selling pressure increases, QNT could revisit this $60–$61 area. The chart’s highlighted zone suggests traders monitor it closely. Moreover, the recent lower high formation supports the possibility of a pullback toward that imbalance.
Short-Term Scenarios for Today’s Session
In a bullish scenario, QNT must reclaim $66.71 with strong 4-hour closes. If buyers push above that level, price could test $68 intraday. However, momentum must strengthen to sustain that move.
Conversely, if $65.10 fails, sellers may drive price toward $63 first. Thereafter, extended weakness could expose the $60–$61 Fair Value Gap. Today’s direction depends on whether support holds or breaks under continued pressure.
