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QNT surges 8% intraday, on-chain data reveals holder confidence
【Crypto World】QNT performed well today, with a straight surge of nearly 8% during the session. On the technical side, the price has already broken above the 20-day and 50-day moving averages, and the previously formed bullish pennant pattern has also been confirmed.
On-chain performance is even more interesting. The daily trading volume reached 60,000 transactions, indicating a high level of market activity. More importantly, the withdrawal volume is only 24 transactions, the lowest level since January 20. When exchange withdrawal data is this low, what does it usually mean? Holders are not dumping, and selling pressure is easing.
Putting it all together, technical breakout, active trading, and weakening selling pressure—these signals all point in the same direction: the market sentiment for QNT remains quite optimistic.