The Latest Crypto Market Update for Quant (QNT)
You’re probably wondering what’s happening with Quant (QNT) in the crypto market. Let’s take a closer look at the current trends and what to expect in the near future.
Long-Term Forecast for Quant Price: Sideways Movement
Here are the key points to note regarding the long-term forecast for Quant (QNT) price:
- The price of QNT is currently in a sideways trend and falling below the moving average lines.
- The bulls have managed to stop the decline above the $91.50 support level.
- Despite the bearish movement, there is a strong possibility of the price continuing in a sideways trend.
Analysis of Quant Price Indicator
When analyzing the price indicator for Quant (QNT), here are a few things to consider:
- Quant is currently bearish as the price bars are being rejected at the 21-day SMA.
- The moving average lines are trending downwards, indicating a bearish sentiment in the market.
- A long candlestick tail on May 13 suggests strong buying pressure at lower prices.
Technical Indicators
To understand the technical aspects of Quant’s price movements, keep an eye on the following zones:
- Important supply zones: $140, $150, $160
- Important demand zones: $90, $80, $70
What to Expect Next for Quant (QNT)
Looking ahead, here’s what you can expect for Quant (QNT) in the crypto market:
- If the current support level of $91.50 is broken, Quant is likely to face further selling pressure.
- The downward momentum could continue, potentially leading to a retest of previous lows at the bottom of the chart.
Hot Take: Time to Stay Alert as Quant Faces Resistance
As Quant (QNT) struggles to break through the resistance levels, it’s crucial to stay vigilant and monitor the price movements closely. Keep an eye on the support level of $91.50 for potential trend reversals in the near future.
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