Volume Story – What Does Market Participation Tell Us About Conviction? QNT’s 24-hour volume is hovering at the 10.18 million dollar level, which is well below the last 7-day average volume (around 15-20 million dollars). While the price rises %2.42, the low volume shows that the upward movement is not supported by broad participation; this could be a short-term weakness signal.
Volume Profile and Market Participation
QNT’s current volume profile reveals limited market participation. The 24-hour trading volume at 10.18 million dollars remains below the past week’s average, appearing dry compared to volatility. This suggests retail investors are on the sidelines and big players have not yet gone full throttle.
In volume profile analysis, the price holding above EMA20 (78.38 dollars) is positive, but volume nodes (high volume nodes) are concentrated in the 78-82 dollar range. This range forms a strong value area, and the price is seeking sufficient fuel to jump higher from here. During the recent rise (as price reached 81.94 dollars), no volume increase was observed; on the contrary, down-tick volumes dominated up-ticks. This indicates buyers are in a defensive position and seller pressure is still lurking.
In terms of market participation, RSI at 55.65 is neutral while MACD’s positive histogram is not confirmed by volume. For a healthy uptrend, volume should be at least %20-30 higher on rises; here, there’s the opposite divergence. This pattern recalls the accumulation phases at the end of 2024 but is risky due to lack of conviction.
Accumulation or Distribution?
Accumulation Signals
Accumulation signals are present: Volume spikes were seen at the 78.93 dollar support (score 71/100), implying institutions are bottom-fishing. MTF (multi-timeframe) volume levels show 11 strong points on 1D/3D/1W; especially on the 3-day timeframe, 3 support levels suggest smart money is accumulating long positions. Volume delta trends positive, meaning aggressive buying dominates – essential for healthy accumulation.
Additionally, stable price above EMA20 with dry volume could indicate stealth accumulation. Similar patterns were seen in QNT’s 2025 rally; that period featured a breakout after low-volume consolidation.
Distribution Risks
Distribution warnings are increasing with Supertrend bearish (97.07 resistance) and volume staying low on up-moves. Strong volume rejection at 82.79 dollar resistance (score 100/100); sellers step in here. If volume increases on down-moves (climactic selling), it signals a shift to distribution. Current 24h volume dryness carries liquidity trap risk – whales may be waiting for a retail shakeout.
Price-Volume Harmony
Price action is not confirmed by volume: The %2.42 daily rise shows participation at half the average volume. In a healthy uptrend, volume on upticks > downticks; here there’s divergence, with net selling pressure hidden as price rises. This increases fakeout risk – for example, a volume-less breakout at 82.79 resistance could turn into a collapse.
Conversely, volume confirmation is strong at supports (72.11 dollars, score 65/100); volume decrease on drops creates bullish divergence. MACD is bullish, but histogram expansion doesn’t match volume – conviction is low. According to volume-price relationship, for healthy continuation, POC (point of control) should shift up from around 80 dollars.
Big Player Activity
Institutional activity patterns are mixed: Large wick volumes show rejection at 95.57 resistance, implying whale dumping. However, MTF on 1W timeframe shows 3 support levels supporting long-term accumulation. On-balance volume (OBV) is slightly rising; institutions may be net buyers but not aggressive.
Similar to whale alerts, cluster volumes are concentrated in the 78-82 band; this is institutional footprint. For distribution, we await climactic volume spike – not present yet. Detailed footprint analysis available in QNT Spot Analysis and QNT Futures Analysis links.
Bitcoin Correlation
BTC at 89,930 dollars with -%0.12 in downtrend, Supertrend bearish. QNT highly correlated to BTC (0.85+); if BTC supports 88,379-86,750 break, QNT pulls to 78 support. If BTC resistances 91,100-92,961 break, altcoin rally triggers, opening QNT to 95.57. BTC dominance rise cautions alts – QNT volume could dry further on BTC drop.
Volume-Based Outlook
Volume-based outlook neutral-bullish: Low-volume uptrend is weak but accumulation-supported. Breakout scenario: Volume increase above 82.79 targets 133.85 (score 4), hold at 72.11 below for continuation. Risk: BTC bearishness to 50.07 bear target (score 22). Watch: Volume above 15M brings conviction. Volume is a leading indicator; confirm price, don’t follow blindly.
This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.
