base-pidgin

QNT's descending trendline breakout sparks bullish momentum, driven by technical and on-chain alignment.

Key Statistics:

- QNT price: $88.76.
- 24-hour change: 0.81%.
- Breakout level: Descending trendline.
- Resistance levels: $136.2, $229.
- Net Network Growth: 0.66%.
- Large transactions: +15.86%.
- Exchange reserves: 1.526 million (-0.07%).

Technical Analysis:

- MA Cross: 9-week MA ($70.1) above 21-week MA ($69.3).
- MACD: Positive histogram (3.1).
- Bullish targets: $136.2, $229.

On-Chain Metrics:

- "In the Money" holders: 2.11%.
- Concentration among large holders: Minimal bearish influence.
- Robust on-chain activity.

Analysis:

QNT's breakout and bullish indicators suggest:

1. Reversal of bearish trend.
2. Growing demand.
3. Reduced selling pressure.

Predictions:

- Short-term: $136.2.
- Long-term: $229 (bullish scenario).
- Market sentiment: Optimistic.

Monitor QNT's technicals, on-chain metrics, and exchange reserves to confirm sustained momentum and potential price targets.