Quant (QNT) Price Analysis: Stuck at High of $130
The price of Quant (QNT) is currently trading above the moving average lines but remains stuck at its high of $130. Let’s take a closer look at the long-term forecast for the Quant price and analyze its indicators.
Long-term Forecast for the Quant Price: Bullish
Since March 1, 2024, the bulls have been working hard to sustain the upside momentum above the current high. On March 5, QNT climbed to a high of $134 before facing resistance. It quickly fell below the moving average lines and reached a low of $104. However, the bulls bought the dips and managed to push QNT back above the moving average lines. As of now, QNT is worth $121.23.
Despite these efforts, further upward movement seems unlikely as there is strong selling pressure at $130. If the bears break the moving average lines, QNT may fall to a low of $101.
Analyzing the Quant Price Indicators
On the 4-hour chart, the price bars have been moving both below and above the horizontal moving average lines, indicating a sideways trend. On the daily chart, however, the price bars have remained static above the moving average lines, suggesting that QNT is trapped in a range.
Technical Indicators
- Key supply zones: $140, $150, $160
- Key demand zones: $90, $80, $70
What is Next for Quant?
QNT has been trading in a range between $100 and $130 since March 1, 2024. To regain momentum, it needs to break the $130 barrier. If this happens, QNT could reach new highs between $140 and $150. However, for now, QNT is stuck in a modest range.
Hot Take: Quant’s Price Struggle Continues
Despite the efforts of the bulls, Quant (QNT) is still struggling to break free from its high of $130. The altcoin has been trading in a range for quite some time now, with strong selling pressure at the $130 level. While there is potential for further upside if the bears are unable to break the moving average lines, it remains to be seen whether QNT will be able to gain enough momentum to reach new highs. Traders should keep a close eye on the price action and key levels to determine the next move for QNT.
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