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Anyone else watching this QNT selloff and thinking: āIs this just a shakeout or the start of a bigger dump?ā According to industry sources, sentiment around interoperability coins cooled off after the latest risk-off wave in crypto, and QNT gave back its recent spike almost instantly. Today the chart shows price slipping back under local resistance while broader market liquidity is thinning out again.
On the 4H chart we just rejected that 75 zone and lost the big orange support band around 72, with volume picking up on the red candles and RSI rolling down from overbought. That combo screams short-term downside for me, with the nearest liquidity pockets stacked in those green zones below. If sellers keep control, Iām eyeing a grind toward the 69 then 66 areas where buyers last defended hard.
My plan: biased short while price stays under 72, targeting those lower green blocks as take-profit zones ā If bulls suddenly reclaim 72 and close back above 75 with strong volume, I flip the script and look for a squeeze toward the red supply zone near 78. I might be wrong, but fading weak bounces into 72 looks like the higher probability play for now.