The post QNT Traders Eye $57.40 Retest Before Next Big Move appeared on BitcoinEthereumNews.com. Key Insights: QNT trades mid-channel near $103, with resistance at $118 and major support near $90–$57.40. Short liquidations hit $527K in 24 hours, signaling pressure on bearish positions despite low volume. Open interest rises 2.41% to $26.96M, showing new positioning as traders await the next big move. QNT Traders Eye $57.40 Retest Before Next Big Move Quant (QNT) is trading near the middle of its long-term channel, a zone that analysts describe as less favorable for new positions. At the time of writing, QNT is priced at $103.79 with a daily trading volume of $16.91 million. The token has gained 0.76% in the last 24 hours but remains down 5.46% over the past week. Mid-Range Positioning Limits Opportunity The QNT/USDT weekly chart shows price moving within a defined channel, currently sitting in the $100–$106 area. Resistance is seen around $118, while immediate support is located near $90. With price positioned in the mid-range, traders face limited risk-to-reward potential compared to entries near the channel’s extremes. Ali, a market analyst, noted  “a better approach is to wait for a potential retest of the channel’s support at $57.40.” Meanwhile, this level has acted as a historical base in prior cycles, providing stronger long-term entry opportunities. The chart also outlines scenarios where failure to hold above $90 could trigger a decline through $82 and $68, eventually retesting the $57.40 level. Quant $QNT is trading near the mid-range of its channel, which offers limited risk/reward and is not ideal for entry. A better approach is to wait for a potential retest of the channel’s support at $57.40. pic.twitter.com/bop8UId3Si — Ali (@ali_charts) August 30, 2025 Liquidations Show Pressure on Shorts Data from Coinglass indicates heavy liquidation activity among short positions. In the past 24 hours, short liquidations totaled $527,410, compared to just $7,660 from longs. This… The post QNT Traders Eye $57.40 Retest Before Next Big Move appeared on BitcoinEthereumNews.com. Key Insights: QNT trades mid-channel near $103, with resistance at $118 and major support near $90–$57.40. Short liquidations hit $527K in 24 hours, signaling pressure on bearish positions despite low volume. Open interest rises 2.41% to $26.96M, showing new positioning as traders await the next big move. QNT Traders Eye $57.40 Retest Before Next Big Move Quant (QNT) is trading near the middle of its long-term channel, a zone that analysts describe as less favorable for new positions. At the time of writing, QNT is priced at $103.79 with a daily trading volume of $16.91 million. The token has gained 0.76% in the last 24 hours but remains down 5.46% over the past week. Mid-Range Positioning Limits Opportunity The QNT/USDT weekly chart shows price moving within a defined channel, currently sitting in the $100–$106 area. Resistance is seen around $118, while immediate support is located near $90. With price positioned in the mid-range, traders face limited risk-to-reward potential compared to entries near the channel’s extremes. Ali, a market analyst, noted  “a better approach is to wait for a potential retest of the channel’s support at $57.40.” Meanwhile, this level has acted as a historical base in prior cycles, providing stronger long-term entry opportunities. The chart also outlines scenarios where failure to hold above $90 could trigger a decline through $82 and $68, eventually retesting the $57.40 level. Quant $QNT is trading near the mid-range of its channel, which offers limited risk/reward and is not ideal for entry. A better approach is to wait for a potential retest of the channel’s support at $57.40. pic.twitter.com/bop8UId3Si — Ali (@ali_charts) August 30, 2025 Liquidations Show Pressure on Shorts Data from Coinglass indicates heavy liquidation activity among short positions. In the past 24 hours, short liquidations totaled $527,410, compared to just $7,660 from longs. This…