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QNT Breaks Above $110 After Rapid Rally – Is the Impulse Still Alive?

  • QNT has surged above $110 in a rapid rally, indicating a bullish trend with support levels at $102.70–$104.20 and $94.60–$96.00.
  • EMA indicators suggest potential for continued growth, with EMA-20 providing local support around $108.3–$108.5.
  • While there are signs of a possible slowdown, the overall price behavior remains within a controlled upward trend, with a bullish scenario aiming for $114 and a bearish scenario eyeing a pullback towards $104.
  • The market sentiment indicates profit-taking around $111.50–$112.00, with the price needing to hold above $107–$104 range to validate the trend strength.

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