**Quant (QNT) Price Analysis: Bullish Momentum Regained**
The price of Quant (QNT) has recently regained its positive momentum and has risen above the moving average lines. This marks the first time that the altcoin has shown such a trend since its price drop on January 8, 2024. The altcoin has been trading in the downtrend zone but managed to stay above the $100 support level. On March 2, it reached a high of $132 before experiencing a slight decline.
If the altcoin manages to maintain its current support level of $120, the current rise in price could continue. Breaking through the resistance at $132 would enable QNT to reach its previous high of $145. It’s worth noting that QNT is currently trading above the moving average lines, indicating a positive trend.
**Analysis of Quant Price Indicators**
The recent positive trend in QNT is reflected in the price bars, which are now positioned above the moving average lines. In contrast, during previous price actions, the price bars remained below these lines. As a result, it is expected that the price of QNT will continue to rise as it remains in the bullish trend zone.
**Technical Indicators**
To better understand the potential future movements of QNT, it is important to consider key supply and demand zones:
– Key Supply Zones: $140, $150, $160
– Key Demand Zones: $90, $80, $70
These zones provide insight into potential areas where significant buying or selling pressure may occur.
**What’s Next for Quant?**
Currently, QNT is in an uptrend on the 4-hour chart. However, this upward movement was halted at a high point of $127. The altcoin is currently trading between $130 and $135 and has managed to hold above the 21-day SMA (Simple Moving Average), indicating anticipation for further price increases. Additionally, the presence of a long candlestick tail suggests strong buying activity above the moving average lines.
**Hot Take: Quant (QNT) Price Shows Signs of Bullish Momentum**
After experiencing a price drop on January 8, 2024, Quant (QNT) has now regained its positive momentum. With the altcoin trading above the moving average lines and showing signs of an uptrend, there is potential for further price increases. If QNT can break through the resistance at $132, it may reach its previous high of $145.
It’s important for crypto investors to closely monitor the price movements and indicators of QNT in order to make informed trading decisions. By considering key supply and demand zones, as well as technical indicators, investors can gain a better understanding of the potential future movements of this altcoin.
Remember to always conduct thorough research and analysis before making any investment decisions.
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