QNT Technical Outlook: Short-Term Recovery Inside Dominant Downtrend — Key Range $66.6–$71

Published: 2026-02-10 05:05:59 |

QNT (QNT/USDT) shows a short-term recovery within a dominant downtrend after a recent move toward $68.96–$69.87. Price remains below EMA20 ($69.87) and Supertrend resistance at $86.80, while RSI (47) is neutral and MACD shows a mild bullish histogram. Key support levels: $66.64 (critical), $59.84, $53.60. Immediate resistances: $70.99, $74.60, $80.99. Volume on the recent uptick was limited (~20% rise), suggesting weak participation; 24h volume sits near $11–12M. BTC weakness and rising dominance increase downside risk for QNT. Suggested tactical plan for traders: range-trade between $66.64–$70.99, consider longs after a decisive break above $71 (targets $74–$80, stop ~$66), or shorts if $66.64 breaks (targets $59–$53). Risk controls: reduce position size, stop-loss below $66, limit risk per trade to ~1–2%. Probability assessment: bear 60% / bull 40%. Long-term upside target noted at ~$108, while an adverse scenario risks a drop toward ~$30. This analysis emphasizes confluence-based entries and the need for BTC stability (above ~$70k) to support upside.

Bearish

The analysis points to a mildly bullish short-term signal (MACD positive, RSI neutral) but overall dominance of a multi-timeframe downtrend: price remains below EMA20/EMA50/EMA200 and Supertrend resistance is high. Volume on the recent uptick was weak (~20% increase), indicating low participation and limiting conviction for a trend reversal. Critical support at $66.64 must hold; breach would likely accelerate declines toward $59–$53. Additionally, BTC’s downtrend and rising dominance historically pressure altcoins — if BTC falls below key supports (~$68k), QNT would likely follow. Strategy recommendations (range trade in $66–71, break above $71 for longs, break below $66.64 for shorts) also signal higher probability of downside. Compared to past altcoin rotations, weak volume during attempts to break EMA bands often precedes further downside rather than sustained reversals. Therefore the near-term bias is bearish, though a confirmed breakout above $71 with strong volume would flip the outlook to bullish.