Quant Price Analysis: What to Expect Next? π
If you are holding Quant (QNT) or considering investing in it, you might be curious about what to expect next in terms of price movements. Let’s dive into an analysis of the current situation and explore potential scenarios for the future.
Long-term Quant Price Forecast: Bearish Trends π
– The bearish momentum in the Quant market broke through the $85 support level on June 7, reaching a low of $81 before seeing a slight retracement.
– Currently, the price of QNT is in a corrective phase, aiming to retest the $85 resistance barrier.
– If the bulls manage to push through the $85 level, the recent downward trend could reverse. However, a rejection at this point could lead to further selling pressure.
Analysis of Quant Price Indicators π
– Since the recent dip, QNT price bars have fallen below the moving average lines, indicating a bearish crossover since April 14.
Technical Indicators π
– Important supply zones: $140, $150, $160
– Important demand zones: $90, $80, $70
What’s Next for Quant? π€
– Quant has dipped below the moving average lines on the 4-hour chart, hitting a low of $81 on June 7.
– The cryptocurrency is currently moving between the $81 support and $85 resistance levels, with price fluctuations based on these boundaries.
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