$QNT has been in beast mode lately, climbing aggressively inside a Rising Wedge — a pattern known for trend reversals or sharp pullbacks after extended runs.
🟢 Current Structure:
The wedge is narrowing as price pushes higher — a sign of bullish momentum slowing down.
Price is testing the upper resistance line near $119, after a clean rally from ~$98.
⚠️ Why This Matters:
Rising wedges typically resolve downward, especially after sharp runs. This means:
A breakdown below the lower wedge line (around $115–$116) could trigger a fast move to $110 or even $105.
But a breakout above $120 with volume could invalidate the wedge and fuel further upside — possibly targeting $125 - $130
🔍 Key Levels to Watch:
Support: $115 → breakdown = bearish trigger
Resistance: $120 → breakout = trend continuation
📌 TL;DR : #QNT is riding a rising wedge — typically a bearish setup after big pumps. The next few candles are critical.