QNT Technical Outlook: Watch $67.51 Break for Bull Run or $61.71 Breakdown

QNT shows short-term recovery but remains within a longer-term downtrend. Price has bounced and is holding around the 20-day EMA (~$64–66) after a weekly gain; short-term momentum indicators (RSI ~52, positive MACD histogram) favor a bounce, while medium/long-term indicators (EMA50, EMA200, downtrend channel) remain bearish. Key levels to watch: immediate support cluster $61.71–$65.99 (POC/VPVR volume cluster near ~$65–66) and resistances at $67.52 and weekly pivot $70.36. A daily/weekly close above $67.51 (and then $70.36) with volume expansion would validate a bullish scenario targeting higher levels (first targets $80–$87 and extended target ~$87.87/$108 in earlier analysis). Failure to hold the $61.71 support risks a deeper decline toward $41.72 (or intermediate targets $63.84/$65 and $65.32 in earlier notes). Volume confirmation and Bitcoin direction (high BTC correlation; watch BTC resistance near $68–74k) are critical for conviction—VPVR shows a high-volume node near $72–75/POC ~$73.50 in earlier reads, warning that weak-volume breakouts can fail. Tactical guidance for traders: consider long only on a confirmed breakout above $67.52–$67.51 with clear volume and use EMA20 or $65.98–$65.99 as trailing/protective stops; alternatively, consider short exposure on a breakdown below $65.98–$61.71 with stops placed above $67.51. Maintain strict risk management (small position sizing, 1–2% risk, trailing stops) and monitor BTC action and on-chain/news flow. This unified view emphasizes short-term neutral-to-bullish bias but a medium/long-term bearish structure—trade confirmation required. Not financial advice.