《Meme Coin Trading System AI｜Today's QNT Coin Review》 ----- QNT meme coin has tested and reached its peak twice. Can we take a light short position in the short term? QNT surged from $56 to $373, nearly 6x in 6 days. Now at $262, it's down about 28%. ⚡ From a technical perspective, the topping signals are clear: 4H volume-price divergence + double top test + break below the ascending trendline. These three signals appearing simultaneously form a textbook top structure. On-chain data confirms the peak: Whales dormant for over 3 years are offloading. Two addresses inactive for 3 years woke up simultaneously during the price surge. One deposited 8,250 QNT ($1.88M) into Binance, while the other transferred 34,200 QNT ($8.05M), with 9,000 QNT already deposited into Coinbase and Kraken. ⚙️ Key detail: TCH partnership does not require banks to buy QNT. The collaboration between TCH and Quant is about providing software infrastructure. It does not require financial institutions to purchase QNT on the open market, nor does it mandate QNT to be directly used in payment processes. The "bank partnership → token demand" transmission chain is not mentioned in official documents. Funding rates are still slightly bullish, but longs are starting to get liquidated. Funding rate +0.0040%, longs are still paying fees. On the 4H timeframe, long liquidations reached $430K at one point, with longs chasing the rally now being harvested. Final key conclusion: Whales offloading heavily in the $280-370 range + founder-associated wallets transferring for the first time in 7 years + TCH partnership not directly tied to token demand = clear high-level distribution structure, with a high probability that the double top is complete. Key level to watch: $249-$250. This is immediate support on the 4H timeframe. If it breaks with volume, the short-term structure is confirmed to be damaged, with the next target at $220, and further down at $190-200. No rush to short. Shorts were just liquidated in the previous round, so there might be some rebound momentum in the short term. A safer approach would be to wait for resistance to be tested again before shorting, or to enter on the right side after a volume break below $249.