Quant (QNT) Price Analysis: Sideways Trend with Upside Potential
The price of Quant (QNT) is currently in an upward correction but is trending sideways. The altcoin is on its way back to its previous high price of $365, with the current uptrend halted around $150. If the resistance at $150 is overcome, the market could rise to a high of $184. However, if the altcoin fails to break the resistance, it will bounce between the 21-day SMA and the $150 level.
Quant Price Indicator Analysis
Quant’s price bars need to remain above the moving average lines for the cryptocurrency to continue rising. Currently, the price bars in the lower time frame indicate a possible range-bound move. The retracement has ended above the $130 support level.
Technical Indicators
The key supply zones for Quant are $140, $150, and $160, while the key demand zones are $90, $80, and $70.
What’s Next for Quant?
Quant will likely continue trading sideways below the $150 resistance level. Buyers have failed twice to establish bullish momentum above this barrier. The altcoin’s price is expected to move between $130 and $150. However, as long as the price bars remain above the moving average lines, there is still potential for further upside.
A week ago, it was noted that a break of the $120 resistance level could lead to a rise to $150 for Quant. Failure to break this resistance would result in a wider trading range for the altcoin.
Hot Take: Quant’s Sideways Trend Offers Buying Opportunity
If you’re considering investing in Quant (QNT), the current sideways trend presents a potential buying opportunity. While the altcoin’s price is currently stuck below the $150 resistance level, it has the potential to rise if this resistance is overcome. Keep an eye on the moving average lines, as long as the price bars remain above them, there is still a chance for further upside. However, be cautious of a potential range-bound move if the resistance at $150 continues to hold. Overall, Quant has shown strength in its previous uptrend and could see renewed bullish momentum in the future.
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