Markets· ★★★· bearish·

QNT Falls 6.11% to $251.51 After 300% Weekly Rally

  • —QNT fell 6.11% to $251.51 after hitting $287.06 a day earlier
  • —Trading volume rose 800% versus the 30-day average
  • —RSI (14) at 87.2 signals extreme overbought conditions
  • —Short liquidations exceeded $25 million, open interest reached $158.8 million
Why it matters: The 300% rally on Quant's bank integration news has given way to a sharp correction as the market questions whether QNT's actual role in the deal justifies the price surge.
Source: DiarioBitcoin