#QNT Warning $QNT #BullishOrBearish

The chart for QNT/USDT on the 4-hour timeframe is bullish based on the following observations:

🔍 Key Bullish Indicators:

1. Strong Uptrend: The price surged from a recent low of $92.12 to a high of $117.02, a significant upward movement.

2. Higher Highs and Higher Lows: Classic bullish price structure is visible.

3. Price Above Moving Averages:

The current price ($116.13) is above the 7 MA (111.61), 25 MA (101.03), and 99 MA (97.52) — indicating strong short-term and medium-term momentum.

4. Volume Spike: There’s a noticeable increase in volume during the breakout, confirming buying interest.

5. +8.99% Daily Gain: A strong green daily percentage gain often supports a bullish sentiment.

🚨 What to Watch For:

Resistance near $117.02 (24h high) could pose short-term challenges.

Overbought conditions might lead to a short-term pullback or consolidation.

Summary:

Overall trend is bullish on the 4-hour chart. If the price breaks and holds above $117.02, it could signal continuation. However, traders might consider waiting for confirmation (like a retest or higher close) before entering.