TradeCityPro | QNT: Range Top Test in RWA Uptrend Structure

👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the QNT coin — one of the RWA projects currently ranked 71 on CoinMarketCap with a market cap of $1.19 billion.

⏳ 4-Hour Timeframe
As you can see, there’s a clear uptrend along with a trendline that has pushed the price up to the 100.7 level.

💥 At the moment, the price has formed a range box between 93.1 and 100.7, with multiple touches on both ends. Currently, the price is testing the top of this range at 100.7 once again.

🔍 If the 100.7 resistance is broken, we can consider entering a long position. This trigger is valid for a long, and if confirmed, the price could potentially move toward the next target at 121.8.

✨ For a short position, we first need to see the trendline break and the 93.1 level get triggered. That would serve as our first confirmation of a possible trend reversal.

📉 A breakdown below the 50 level on the RSI would be the first momentum-based sign of this reversal. If selling volume also increases at the same time, we’ll have confirmation of a volume divergence.

⚡️ On the other hand, a break of the trendline itself might act as an early trigger, but I personally wouldn’t open a position on that alone — it’s too risky. As long as the price holds above 93.1, the overall uptrend remains intact.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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