Quant Market Overview: 24-Hour Technical Summary for QNTUSDT

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• Price declined from $121.48 to $116.46 over 24 hours, forming a bearish trend with a notable breakdown below $120.
• RSI reached oversold territory near 30, suggesting potential short-term buying interest but weak overall momentum.
• Volatility expanded during the sharp selloff, with Bollinger Bands widening, indicating increased uncertainty.
• A large-volume bearish engulfing pattern appeared near $120, confirming bearish sentiment.
• Turnover spiked during the 11:00–12:00 ET selloff, aligning with the price drop to a 24-hour low.

Market Overview

Quant (QNTUSDT) opened at $121.26 on 2025-07-29 at 12:00 ET and closed at $116.46 on 2025-07-30 at 12:00 ET, with a high of $121.68 and a low of $116.0. Total volume over the 24-hour period was 10,345.21 QNT, while total turnover was approximately $1,241,560 USD.

Structure & Formations

The 15-minute chart revealed a bearish breakdown from key resistance at $120.33 to a support level at $119.0 and below. A large-volume bearish engulfing pattern formed on the candle ending at 11:00 ET, confirming a shift in sentiment. A potential short-term support level appears to be forming near $117.5, with a prior swing low at $116.0 offering a deeper level of interest.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both below price during the selloff, reinforcing the bearish bias. On the daily chart, the 50-period MA crossed below the 100- and 200-period MAs, suggesting a possible continuation of the downtrend.

MACD & RSI

The MACD line crossed below the signal line during the afternoon selloff, confirming bearish momentum. RSI dipped into oversold territory (near 30) during the final hours, suggesting potential for a short-term rebound but not a reversal. Momentum appears to be weakening, with bearish divergence observed in the final hours.

Bollinger Bands

Volatility expanded significantly as price moved lower, with Bollinger Bands widening and price trading near the lower band for several hours. This suggests increased uncertainty and a potential for further consolidation or a bounce from the lower band.

Volume & Turnover

Volume and turnover spiked during the sharp selloff from $119.11 to $116.46, indicating strong bearish conviction. However, volume has since decreased, suggesting exhaustion in the downward move. The lack of follow-through buying above $119.0 may indicate weak demand at higher levels.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $121.48 to $116.0, the 38.2% level is at $118.87 and the 61.8% level is at $117.74. Price appears to have found short-term resistance at both levels, with the 61.8% retracement acting as a key pivot point.

In the next 24 hours, QNTUSDT may consolidate near the $117.5–$118.5 range, with a potential for a test of the 38.2% retracement level. However, a break below $116.0 could extend the bearish move. Investors should remain cautious and monitor volume and RSI for signs of exhaustion or renewed selling pressure.