The Price of Quant (QNT) in Recent Months
Over the last three months, the price of Quant (QNT) has experienced a decline, with the current forecast indicating that selling pressure could potentially bring the price down to $67.
The Long-Term Price Forecast for Quant: Bearish
On June 18, the downward trend showed signs of easing as the cryptocurrency reached a low of $72. Since then, Quant has been trading in a narrow range between the $72 support level and the resistance at $80.
Analysis of Quant’s Price Indicators
The moving average lines are trending downwards, suggesting a bearish outlook. Price bars on the 4-hour chart are breaking through these moving average lines but facing resistance. The market has been relatively stable with the dominance of doji candlesticks.
Technical Indicators
- Important supply zones: $140, $150, $160
- Important demand zones: $90, $80, $70
What Could Be Quant’s Next Move?
Quant has been trading within a limited range following the price drop on June 18. The altcoin has been fluctuating between $72 and $78 levels. A brief rally on June 20 pushed the price above the moving average lines, but it faced resistance around $85. As long as the current support level holds, the sideways movement is likely to continue.
Hot Take: The Future Outlook for Quant
Given the recent fluctuations and sideways movement of Quant’s price, it is important to monitor the support and resistance levels closely to determine the next potential breakout or breakdown in the market. Keep a close eye on key price levels and technical indicators to make informed trading decisions.
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