$QNT is up 6.87% to $115 in past 24 hours to bounce off a crucial resistance-turned-support zone near $100. With the post-retest reversal, #Quant aims to challenge the immediate resistance at $121.
The RSI at 66 hovering just below the overbought zone. Meanwhile, the MACD and signal line remain positively aligned, signaling strength despite short-term volatility.
For QNT, a bullish crossover between the 100-day and 200-day EMAs reinforces the ongoing trend reversal.
A potential breakout could target the next key resistance at $143, marked by a brief consolidation phase in early December. However, if the price flips from $121, a pullback toward the $100 level may follow.