Quant (QNT) Price Analysis: Bulls Buying the Dips
Despite falling below the moving average lines, Quant’s price has seen support from bullish investors who are buying the dips.
Quant Price Long Term Prediction: Bearish
The current negative trend has led to lower highs and lower lows for Quant. The recent resistance at $102 has caused the uptrend to stall. If buyers can break through this resistance level, the downtrend will be over and the uptrend will continue. However, if they fail to do so, selling pressure will return and the altcoin could decline to a low of $84.
Quant Price Indicator Analysis
After a recent rally, Quant’s price is now trading between the moving average lines. As it approaches the $102 high or the 21-day SMA, it is expected to fall. A break below the 50-day SMA would indicate that the downtrend has resumed.
Technical Indicators
Key supply zones: $140, $150, $160
Key demand zones: $90, $80, $70
What is the Next Move for Quant?
Quant’s value is currently trapped between the moving average lines, causing it to move within a certain range in the coming days. The altcoin is facing rejection at a high of $102, indicating a further decline according to price indices.
A week ago, it was reported that QNT/USD had fallen within the moving average lines, reaching a price of $96.88.
Hot Take: Quant Faces Resistance at $102
The recent resistance at $102 has halted Quant’s uptrend and led to a bearish prediction for its long-term price. While bullish investors have been buying the dips, they must break through this resistance level in order to continue the uptrend. If they fail, selling pressure will return and the altcoin could see a decline to $84. Technical indicators also suggest a potential fall in price as Quant approaches the $102 high or the 21-day SMA. The next move for Quant remains uncertain, but it is currently trapped between the moving average lines and facing rejection at $102.
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