Fake collapse or golden opportunity? Analysis #QNT/USDT after a drop of 9.6%
Has the rise ended? Or is the QNT currency preparing for a new price explosion?
Let's analyze together
Technical analysis:
Current price: 106.25 USDT
Drop percentage: -9.61% in 24 hours
RSI = 31.47: Clear oversold area = high probability of a rebound.
The candle broke the middle of Bollinger (112.10) and started to approach the lower limit (99.00).
The moving average MA10 is an important support at 102 USDT.
MACD is in a negative crossover, but selling weakness has started to slow down.
Entry opportunities and targets:
Strong entry point:
🔹 102 - 104 USDT (MA10 support and lower Bollinger limit)
Potential targets:
1. 112.00 USDT (return to the average)
2. 118.00 USDT (last peak)
3. 125.00 USDT (double target if breakout occurs)
Stop Loss:
Clear break below 99.00 USDT with confirmation (daily candle)
⚠️ Notes:
The market is volatile, and the entry opportunity on strong support provides calculated risk.
Indicators indicate a potential reversal if the price holds above 102 in the next 24 hours.