Quant’s (QNT) Price Stalls Above $100 Support Level
Quant (QNT) has seen its rally pause as the price reached above the crucial $100 support level. Let’s take a closer look at the current price action and analyze where Quant may be headed next.
Current Price Movement of Quant
– QNT surged to the $150 resistance on March 26, 2024, before facing a rejection and dropping to $85
– Bulls stepped in to buy the dips, pushing the price back above $100
– QNT is now trading between $90 and $122, with potential for an uptrend if it breaks above the resistance at $122
Quant Price Indicator Analysis
– Price bars are below the moving averages, showing a sideways trend since December 26, 2023
– A bearish crossover of the 21-day SMA below the 50-day SMA indicates a negative signal for QNT
– Important supply zones: $140, $150, $160
– Important demand zones: $90, $80, $70
Next Steps for Quant
– QNT has recovered above $100 but remains in a bearish trend zone
– Facing initial resistance at $105, with a current price range between $90 and $122
Hot Take on Quant’s Price Movement
As Quant’s price hovers around the $100 support level, the next move could be crucial in determining its short-term direction. Keep a close eye on the resistance at $122, as a break above could signal a renewed uptrend for QNT.
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