QNT reached $114.48 and is correcting – will it deepen to $112.30, or will the uptrend structure hold and stabilize? Price breaks Fibonacci 0.236, and EMA-20 no longer acts as support. Will 0.382 and EMA-50 hold, confirming that the trend holds and stabilizes? Let’s take a closer look.
Overall QNT Price Structure
The upward movement from $103.09 to $117.99 was fairly strong, accompanied by a breakout above all key EMAs. However, after forming the peak at $117.99, the price consistently formed lower highs and lower lows, indicating that a correction phase was approaching. That is exactly what happened, and now the price is around $114, below 0.236 and EMA-20, sitting directly at the 0.382 Fibonacci level, and EMA-50 now serves as the main support. The lower candle wicks indicate the presence of local demand, but the bodies remain under pressure, and at the moment, control is shifting dynamically between sellers and buyers.
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QNT EMA and RSI
- EMA-20 ($114.21) this level has already lost its strength, the slope is flattening and confirms the loss of momentum
- EMA-50 ($112.00) however, this does not mean the trend is broken, and this level still acts as a valid support
- EMA-100 ($110.40) we are not approaching this level yet, and even the slope remains positive, but if tested, it forms a secondary support zone that may indicate trend preservation even if the structure shifts
- EMA-200 ($108.45) if we reach this level, it may indicate not just a deep correction but a full trend breakdown – though we are still far from it
RSI
The RSI peaked above 70 during the impulse, which clearly indicated a likely upcoming correction. Currently, it sits at 54.03, which is positive in the sense that it is far from overbought and should not serve as additional pressure for sellers, and may even encourage buyers.
However, if RSI drops below 50 and holds there for at least two candles, we may potentially see the correction deepen, and the risk of testing the 0.382 Fibonacci and EMA-50 increases.
QNT Fibonacci Key Zones
Speaking of the QNT Fibonacci key zones, as you can see, they correlate quite closely with the EMA.
- 0.236 ($114.48) the first correction phase, which has already been broken and now serves as a target
- 0.382 ($112.30) a potential consolidation and reentry zone, which aligns with EMA-50, reinforcing its role as a support area
- 0.5 ($110.54) this is the key boundary between a correction and potential trend breakdown signals, and breaking it could indicate the end of the current upward impulse
- 0.618 ($108.78) a potential trend failure level, especially considering EMA-100 is located here. However, it may still serve as the final bounce zone before invalidation
- 0.786 ($106.28) this is the potential full breakdown zone of the upward trend, and breaking it may serve as confirmation of that
Market Sentiment
I would say that overall sentiment remains bullish, very moderately, with clear signs of deceleration and potential indicators of a shift into a neutral phase. The $112–$110 zone may prove decisive – a breakdown could potentially increase pressure, but holding it may preserve the uptrend and possibly restore bullish momentum.
📈 Bullish scenario
- Confirmation may come from a recovery of the $114.48 level (0.236) and holding EMA-20 ($114.22), provided RSI recovers above 60
- A bullish candle with a strong body above $115.00 or a long-tailed candle from the $112.30 zone may serve as early confirmation of buyer response.
- Target – return to $117.50 and a retest of the local high at $117.99
- Invalidation – loss of the $112.30 level and a close below EMA-50 ($112.09), especially if RSI < 50
📉 Bearish scenario
- Confirmation may come from a breakdown and close below $112.30 (Fibo 0.382) and EMA-50 ($112.09), accompanied by RSI falling below 50
- Target – drop to $110.54 (Fibo 0.5), then test the $108.78 area (Fibo 0.618), which aligns with EMA-100
- Invalidation – recovery above $114.50 and RSI above 60 with a bullish candle and volume
✅ Potential Entry
On a retest of the $112.30–$112.00 zone (Fibo 0.382 + EMA-50), with RSI above 50 or on a confirmed bounce from $114.48 (Fibo 0.236), if RSI rises back above 60 and an impulse candle appears.
🛑 Potential Stop
Below $110.54 (Fibo 0.5) and EMA-100 ($110.48), if RSI < 50 and a bearish candle forms, or in case of a brief drop below $110.54 a reentry may be possible if RSI quickly recovers above 50 and a bullish confirmation appears in the candles.
Conclusion
The trend remains intact, and we are likely in the middle of it, where the next few candles may determine whether it continues or ends.
Pay close attention to $112.30 (Fibo 0.382) and EMA-50 ($112.09) as potential key confirmations of trend preservation, as well as $114.48 (0.236) and holding EMA-20 ($114.22) as possible indicators of momentum recovery.
