-
QNT holds the $70 daily support as selling pressure weakens and short-term stabilization appears.
-
Declining open interest and volume signal reduced leverage and a market reset phase.
-
Neutral funding rates reflect cautious positioning ahead of potential resistance retests.
QNT trades at a technically sensitive area following an extended corrective phase. Market structure suggests price is stabilizing near a historically important support zone. Traders are closely monitoring confirmation signals as momentum begins to neutralize.
Daily Support Defines Current Market Balance
QNT is positioned within a well-established daily demand zone between $70 and $72. This area has repeatedly absorbed sell pressure during prior pullbacks. Recent candles show narrower ranges, indicating that downside momentum is slowing.
A recent CryptoPulse update described QNT as sitting at a key decision zone. The post emphasized that holding above $70 could allow the current bounce to extend. This observation aligns with higher intraday lows forming above support.
Source: X
The broader decline from early December highs near $105 unfolded in an orderly manner. Price moved lower through controlled steps rather than sharp breakdowns. This structure suggests distribution rather than panic-driven selling activity.
Resistance Zones Shape the Recovery Path
The first notable resistance zone for QNT sits between $85 and $88. This range aligns with prior consolidation where sellers previously regained control. A move into this area would represent a standard reactionary bounce from support.
Above that range, the $100 level remains a key technical and psychological barrier. Historical trading activity near this level often attracts supply. Any advance toward $100 is likely to introduce increased volatility.
At the time of writing, price behavior supports a range-bound environment. Momentum readings indicate a transition toward neutral conditions. A sustained daily close above resistance would be needed for trend expansion.
Derivatives Data Signals Reduced Speculation
Derivatives metrics show a notable contraction in participation. Trading volume declined by approximately 12.5%, while open interest dropped nearly 14%. This combination points to position reductions rather than aggressive new exposure.
Long-to-short ratios across major venues remain close to balanced. Readings near parity suggest neither buyers nor sellers hold a dominant leverage position. Top trader data also reflects limited directional conviction.
Funding rates remain near neutral following extended negative periods. Flat funding during consolidation often reflects cautious sentiment. Liquidation activity remains modest, supporting a calmer trading environment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitmine Upgrades to the NYSE Main Board! Tom Lee: US stocks may have bottomed out, and selling pressure on Ether could ease
Bitmine has officially moved from the New York Stock Exchange U.S. board to the main board, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase plan to $4.0 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help strengthen its assets and stock price performance.
CryptoCity1h ago
RAVE’s hype surge triggers a flood of copycat coin mania, as FF and INX expose the “pump-and-dump” scheme
Recently, altcoins represented by RAVE have sparked a fierce investment craze, but some old star projects like FF and INX have used this wave of hype to carry out “pump-and-dump” operations—rapidly driving up coin prices to lure retail investors to buy, and then dumping them heavily, causing the price to plunge rapidly. Such behavior not only exposes the project team’s funding difficulties, but also damages investors’ trust. Investors need to stay alert to signals like abnormal short-term surges in order to avoid the risk of being manipulated by the market.
MarketWhisper1h ago
Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may have bottomed out, and sell pressure on Ether could ease
Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite the sharp decline in its share price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ethereum, and it expects that a rebound in the crypto market will help boost its assets and share price performance.
CryptoCity5h ago
Why Is Bitcoin Up Today? Hormuz Blockade Triggers Short Squeeze and a BTC Test of $75k
On April 13, Bitcoin rose from its early-session low of 70,741 to trade as high as $74,900 during the session, approaching the $75,000 level. The main drivers came from two directions: after Trump ordered the blockade of the Strait of Hormuz, traders began to view Bitcoin as a geopolitical hedge asset; and a massive net short position that had been building as funding rates stayed persistently negative was met with liquidation, triggering a chain of liquidations totaling millions of dollars near the $70,000 support level.
MarketWhisper6h ago
Bitmine gets promoted to the NYSE main board! Tom Lee: U.S. stocks may have bottomed out, and Ether’s selling pressure may ease
Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased its share repurchase authorization to $4.0 billion. The company holds a large amount of Ether, and it predicts that a rebound in the crypto market will help boost its assets and stock price performance.
CryptoCity8h ago
U.S. stocks have recovered the losses since the Iran war, while Bitcoin pushes up to 74K
Due to market expectations that the United States and Iran will reach an agreement, the S&P 500 index has rebounded to its highest level since the war, and Bitcoin has also surged to $74,900. Despite the failure of peace talks between the U.S. and Iran, the U.S. has imposed a maritime blockade to pressure Iran. MicroStrategy once again made a large-scale purchase of Bitcoin, indicating that investor confidence is picking up.
ChainNewsAbmedia8h ago
