Quant (QNT) Price Analysis: Bearish Long-Term Forecast
The price of Quant (QNT) is currently stuck between moving average lines, indicating a rally. If the bears manage to break below the 50-day SMA, a downtrend will begin, and QNT will fall to $108 and $96. On the other hand, if the price breaks above the 21-day SMA, upward momentum will increase, and the value of QNT will rise back to $150.
Quant Price Indicator Analysis
The QNT price bars are currently positioned between the moving average lines, suggesting a change in its range. The presence of extended candlestick tails indicates significant buying pressure at lower prices.
Technical Indicators
Key supply zones for QNT are $140, $150, and $160, while key demand zones are $90, $80, and $70.
What’s Next for Quant?
Quant is currently bearish and trading between moving average lines. If the bears break the 50-day SMA, QNT may fall to its previous low of $85. However, it is still trading above the support level of $116.
Hot Take: Bearish Outlook for Quant (QNT)
Despite some buying pressure from bulls, Quant (QNT) is struggling to maintain its position above moving average lines. The altcoin’s future depends on whether it can break above the 21-day SMA or if bears manage to break below the 50-day SMA. With a potential downtrend looming, QNT may see a significant drop in value. However, it is important to keep an eye on support levels and any potential shifts in momentum that could impact the cryptocurrency’s price.
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