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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Downtrend, at support — measured move complete at 33.54
A downtrend still pressing lower.
QNT is in a downtrend that is still pressing lower. The structure is still down: lower highs and lower lows, and the last lower high at 72.60 has not been taken back.
The weekly picture: between a bear and a bull phase, 91% under the all-time high. The daily trend runs inside the weekly.
The leg from 72.60 has now travelled as far as the one before it (86.19 → 47.13) — a measured move (AB = CD) complete at 33.54. Going clearly past 33.54 would make this leg the longer of the two.
QNT rose 22% to 56.94 on the daily chart, then gave it all back, dropping 44% to 32.11. It broke down below the 45.91–55.36 range 4 weeks ago and has stayed below it — the old 45.91 floor is now the ceiling to watch, and the range's measured move to 36.46 has already been reached. It is now trading in a 34.12–35.99 box, pressing on the floor.
The daily structure is a downtrend — lower highs and lower lows, and price broke the 47.13 swing low 4 weeks ago and has stayed under it; it is a late leg of a mature trend, not an early one. The drop has not bounced enough to set a new lower high — the last one is far above, at 72.60.
The rest of the chart backs the downtrend. Price is under the average price paid since the swing low (anchored VWAP 36.51), so the buyers since that low are under water. Volume flow backs it — more volume has traded on down candles than up (CMF -0.06). RSI is 38: sellers have had the stronger closes.
What doesn't fit: The trend is weak — ADX 24, under the 25 where a trend is real, with sellers only slightly ahead (−DI 25, +DI 18). MACD is above its signal line, so the latest swing has upward momentum of its own. These are the cracks in an otherwise intact downtrend.
The rest of the chart points the same way. Everyone who bought since the last top is still losing (average since the swing high 51.77). Price is under the Ichimoku cloud, and the cloud ahead is bearish.
Volume is 0.2× normal — unusually light; bounce volume is weak — the bounce is drawing little buying.
A high-volume price that price has not revisited (a naked POC) sits above at 48.67; value is migrating down (-33.9%) — the prices where most volume trades are moving lower; price is moving through value quickly — the market is not accepting these prices.
35.99 is the line it has to clear.
35.99 is the ceiling, and it is contested: it held 1 of 2 visits, on 1.8× the usual volume. It is also a fib retracement and the anchored VWAP from the swing low.
35.60, a resistance 3.9% above price: sellers turned price there on 1 of 2 visits.
34.12, a support 0.4% below price: buyers turned price there on 2 of 2 visits; it lines up with the weekly open.
36.82, a fib retracement 7.5% above price: price went through it on its one visit, on 1.9× the usual volume; it lines up with the anchored VWAP from the swing low.
The long-term lines: the 50-day average at 43.27 (+26.3%), the yearly open at 59.50 (+73.7%), the quarterly open at 48.36 (+41.2%) and last year's range 58.60–135.7.
The last swing high at 40.76, not yet taken — the kind of spot where stop orders usually sit just above.
The last swing low at 32.11, not yet taken — stops sit just below.
34.02 is the level on the most timeframes — 2 timeframes (4H/1H), 3 touches; resting liquidity sits at the same price.
Measured on the running drop from 72.60 to 32.11, price has given back 5% of it — a shallow bounce. The golden pocket, 57.13–58.43, is where the 0.618 retracement of that drop sits. Its extensions mark 21.10 (1.272) and 7.087 (1.618) below.
46.91 is where two separate tools meet: the 0.382 Fibonacci level of the last swing and a resistance.
41.55–42.69 is a fresh supply zone: price paused there in the middle of a fall, then kept dropping (3.7 average candles in one move); price has not been back since.
The nearest round numbers: 40.00 above and 30.00 below.
A 3-touch resistance trendline broke, failed and price is back on the old side — the line is now near 34.39.
A 1D close past 35.99 or 34.12 changes the picture.
Downtrend — lower highs and lower lows; it holds while price stays under 72.60.
A 1D close above 35.99 breaks the box's ceiling, though the downtrend's last lower high still sits above; no tested level above it on this chart.
A 1D close below 34.12 loses the floor inside a downtrend — a new low in the trend's direction; the next level down is 32.11.
Watch 33.54: a 1D close below it is what changes the story.
Since the last read: still in a downtrend, unchanged over the last 7 days.
| Level | Price | From price | Role |
|---|---|---|---|
| Resistance | 46.91 | +36.9% | sr, eq liq |
| Fib retracement | 36.82 | +7.5% | fib, hvn |
| Resistance | 36.70 | +7.1% | sr, swing |
| Fib retracement | 35.99 | +5.0% | fib, swing |
| Resistance | 35.60 | +3.9% | sr |
| Support | 34.12 | -0.4% | calendar, sr |
| 2-TF support | 34.02 | -0.7% | confluent, calendar |
| 2-TF support | 33.04 | -3.6% | confluent, calendar |
| 2-TF support | 32.11 | -6.3% | confluent, calendar |
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