Range-Bound Trend and Support Break Possibility

QNT is currently experiencing a range-bound trend, fluctuating between a support level of $99 and a resistance level of $117. Following a recent significant upward movement in daily candlestick time, the currency's price retraced to the $100 support level to test the initial support from the beginning of that movement. As a result, there is still demand in this area. However, the drop has been substantial, raising the possibility of a breakthrough of this critical support level. The limited transaction volume indicates the continuation of the range-bound trend within this range. If the support level is breached, there is potential for the price to further decline towards the $69-73 support range. This support level is considered a strong demand zone, and we can anticipate favorable price growth from this point.

Regarding the RSI level of 43, it signifies the Relative Strength Index (RSI) value for QNT. The RSI is a technical indicator that measures the strength and momentum of a security's price movement. A value of 43 indicates that the RSI is in the neutral zone, suggesting that the price may not be overbought or oversold at the moment.