Cryptocurrency Analysts Report: Quant (QNT) Price Analysis
The Quant (QNT) price is currently moving sideways but has regained an upward momentum, according to cryptocurrency analysts. The price indicator predicts that QNT will rise to a high of $109. However, the cryptocurrency is likely to face resistance at $115 and $120. On the positive side, if the price stays above the moving average lines, the current rise will continue. Breaking the barrier at $120 will resume QNT’s uptrend.
Quant Price Indicator Analysis
The crypto asset is gaining value as it reaches a Relative Strength Index of 58 for the period 14. QNT is in an uptrend and could continue to rise. The price bars are currently above the moving average lines, indicating that the cryptocurrency is on the rise. Additionally, it is above the daily stochastic value of 60.
Technical Indicators
- Key supply zones: $140, $150, $160
- Key demand zones: $90, $80, $70
What’s Next for Quant?
The uptrend of QNT has continued as the price has risen above the moving average lines. It is currently encountering initial resistance at $105. A retraced candlestick of the August 26 upswing tested the 61.8% Fibonacci retracement level, indicating that QNT will rise to the Fibonacci extension of 1.618 or $109.18.
As previously reported on August 20, the cryptocurrency price has returned to the range-bound zone of $95 to $120.
Hot Take:
Quant (QNT) shows signs of an upward trend, with resistance levels at $115 and $120. If the price can stay above the moving average lines and break the barrier at $120, QNT is likely to continue its uptrend. However, it is important to monitor the price closely as it encounters initial resistance at $105. Overall, QNT has the potential to rise further, reaching a high of $109.
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