Quant (QNT) Price Analysis: Bearish Long-term Forecast
The price of Quant (QNT) has recently dropped below the moving average line, signaling a new downward slide. Currently trading at $100.74, the cryptocurrency is on the verge of further decline. Previous analysis suggests that QNT/USD will continue to fall until it reaches a bottom above the $79.82 support level. Selling pressure has already started on the downside.
Analysis of Quant Price Indicators
Quant’s price action has been dominated by doji candlesticks, indicating indecision among buyers and sellers. The moving average lines are trending downwards, with the 21-day line acting as a resistance level.
Technical Indicators
Key supply zones: $140, $150, $160
Key demand areas: $90, $80, $70
What’s Next for Quant?
After experiencing a dip on January 23, QNT has managed to hold above the $100 support level. However, bears are currently attempting to break through this support and continue the downtrend. The market is currently characterized by small and indecisive doji candles, indicating uncertainty about its direction.
Hot Take: Quant (QNT) Continues Downward Slide as Bears Take Control
The price of Quant (QNT) has fallen below the moving average line, signaling a new phase of downward movement. With selling pressure increasing and key support levels being tested, it appears that bears have taken control of the market. The current price analysis suggests that QNT/USD will continue to decline until it finds a bottom above the $79.82 support level. Traders should closely monitor the market and consider their positions accordingly.
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