Quant (QNT) Price Analysis: Bearish Long-Term Forecast
The price of Quant (QNT) is currently in a downtrend zone. It has consolidated above the $110 support level after an initial slide below $106. However, sellers have failed to resume selling pressure despite retesting the support level multiple times. This suggests that QNT will likely fall lower than $106 in the future.
Analysis of Quant Price Indicator
The QNT price is at risk of further decline as the price bars are below the moving average lines, which are sloping downwards. The cryptocurrency is trading modestly and has been halted by doji candlesticks.
Technical Indicators
Important supply zones for QNT are $140, $150, and $160. On the other hand, important demand zones are $90, $80, and $70.
What’s Next for Quant (QNT)?
It is predicted that the value of QNT will continue to fall after rejecting the $122 high. Over the past week, the price has been hovering between $106 and $122, with movements being halted by doji candlesticks.
Hot Take: Quant (QNT) Faces Bearish Outlook with Potential for Further Decline
According to recent analysis, Quant (QNT) is currently in a downtrend and shows signs of continued decline. The altcoin has failed to regain momentum and faces resistance at key levels. With bearish price indicators and a lack of upward movement, it is likely that QNT will experience further drops in value. Traders should exercise caution and closely monitor market trends before making any investment decisions regarding QNT.
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