$QNT is trading at 236.50, up about 44.84% in the last 24 hours. The run is parabolic: roughly +268% over 7 days and +290% over 30 days, which shows very strong buying. But the 24-hour range is huge, from 157.33 to 373.00, so price has already pulled back well below its high. Swings this large bring a real risk of sudden reversals and slippage.
In the short-term chart, price climbed from about 230 to about 252, then dropped sharply to about 232 and bounced back to around 236. It is now just under the MA60 (240.76), which is the key level to watch. A close back above it would be bullish, while staying below it suggests the bounce is weak. The order book is about 74% bids, which gives short-term support, but recent volume is modest compared with the earlier spikes, so the bounce lacks conviction so far.
In the short-term chart, price climbed from about 230 to about 252, then dropped sharply to about 232 and bounced back to around 236. It is now just under the MA60 (240.76), which is the key level to watch. A close back above it would be bullish, while staying below it suggests the bounce is weak. The order book is about 74% bids, which gives short-term support, but recent volume is modest compared with the earlier spikes, so the bounce lacks conviction so far.
