QNT Technical Analysis May 2

QNT is trying to hold above 68.2292$, a critical support at the 68.27$ level; while the short-term downtrend continues, buyers may remain weak unless the 68.80$ resistance is broken.

Current Price Position and Critical Levels

QNT is trading in a daily downtrend structure and is currently positioned at 68.27$. The price is below EMA20 (71.24$), giving a short-term bearish signal. RSI at 39.13 is not approaching oversold, but momentum is weak. In the last 24 hours, it fell 1.06% and is stuck in the 68.14$-70.18$ range. Multi-timeframe (MTF) analysis on the 1D chart shows strong confluence of 2 supports and 2 resistances (total 4 levels). Supertrend is bearish at 76.90$ resistance. This structure expects the price to test the 68.2292$ support before liquidity hunting. Volume is low at 2.99M$, which may indicate big players accumulating positions. Although the overall trend is downtrend, support confluences on 1D should be monitored for a possible bounce.

Support Levels: Buyer Zones

Primary Support

The 68.2292$ level (score: 81/100) stands out as QNT’s most critical buyer zone. This level is just above the 24-hour low of 68.14$ and forms a strong order block (OB) on the 1D timeframe. Why important? Historical tests (rejected twice in the last 3 days) show high-volume buying traces – wicks swept liquidity in this area. MTF confluence: 1D support + proximity to EMA50 (around 68.50$). Volume profile POC (Point of Control) is concentrated here. If price loses this level, it could gain momentum for a quick liquidity grab toward 64.7735$. Rejection wicks and doji candles indicate buyers defending here; bullish reversal signals can be sought without a break of this level.

Secondary Support and Stop Levels

64.7735$ (score: 67/100) is the secondary support and invalidation zone. This level coincides with the 1-week swing low and functions as a demand zone. Importance: In the past (March 2026 tests), it gave +5% bounces supported by volume spikes. There is slight confluence on the 3D chart, but not yet tested on 1W. A drop below the 64.50$ stop level confirms the downtrend on a weekly basis and activates the 53.60$ downside target. This area is where big players (smart money) accumulate long positions; it also aligns with fib 0.618 retracement. If it fails to hold, bearish momentum increases and liquidity flows downward.

Resistance Levels: Seller Zones

Near-Term Resistances

68.8017$ (score: 68/100) is the nearest resistance, just above the current price (0.8% above 68.27$). Short-term supply zone; rejected from recent highs in the last hours. Why critical? First obstacle on the way to EMA20 (71.24$), with low-volume selling pressure concentrated here. Acts as a breaker block on 1D – sellers enter when price tests it. Volume increase is required for a breakout; otherwise, fakeout risk is high. This level is the first target and short stop for day traders.

Main Resistance and Targets

71.7311$ (score: 83/100) is the main resistance and upside target. This level has strong resistance order block confluence on 1D timeframe with fib 0.5 extension from the last week’s highs. Historical importance is significant: Rejected 3 times in April 2026, each time bringing 3-5% drops. High node on volume profile with abundant seller liquidity. MTF confluence of 1D+3D (light touch on 3D). If broken, next target is 82.85$ (R/R 1:3 potential). However, under bearish Supertrend pressure; BTC support is required for breakout.

Liquidity Map and Big Players

QNT liquidity map shows stop-loss hunting potential below 68.2292$ – this area targets retail longs’ liquidity. Above, there is sell-side liquidity (short stops) up to 71.7311$. Big players (institutional) may be accumulating longs in the 64.7735$ demand zone; low volume signals quiet before manipulation. Order flow imbalances in the 68-69$ band, price can create momentum by sweeping it. FVG (fair value gap) in 69.50$-70.18$ range awaits fill. Overall map is bearish: Liquidity flowing downward, but if 68.2292$ holds, reversal liquidity could turn upward. According to CFTC data (latest report), quant funds are net short; look for reversals at these levels.

Bitcoin Correlation

QNT is highly correlated with BTC (0.85%); while BTC is in a sideways trend at 78,153$, alts are under pressure. BTC supports at 77,628$, 75,676$, and 73,577$ – threshold for QNT: If BTC drops below 77k, QNT heads to 64.77$. Resistances at 79,422$, 83,063$; if BTC breaks 79k, QNT tests 71.73$. BTC Dominance Supertrend bearish, caution for alts: QNT downtrend could deepen with BTC sideways. Watch: BTC 75k support activates QNT buyers.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above 68.2292$ > test 68.80$, target 71.73$ (long bias). Downward break > 64.77$ downside, target 53.60$. R/R: Upside 1:2.5, downside 1:3. Wait for MTF confluence + volume confirmation. For spot, check QNT Spot Analysis; for futures, QNT Futures Analysis. This analysis is not investment advice; apply your own risk management. Breakout scenarios: 68.2292$ hold > bullish, loss > bearish continuation.