QNT is showing strength, but a key test lies ahead.
After breaking out of its previous downtrend (red line), QNT has formed a strong rising structure supported by the blue trendline.
The price is currently consolidating just below the key resistance zone, attempting to gather momentum. This is a classic sign of healthy price action — retesting higher levels while maintaining support.
As long as QNT holds the strong rising support line and the lower support zone, the bullish structure remains intact. A clear breakout above the resistance zone could trigger the next leg higher.
However, if price breaks below the rising support, we could see a pullback toward the lower zone for re-accumulation.
For now — it’s a wait and watch at the resistance. Bulls need to prove their strength.
DYOR, NFA