The current state of Quant (QNT) price movement
The price of Quant (QNT) is currently trading above moving average lines as the altcoin is in the process of recovering from its previous downtrend. The recent price analysis indicates some interesting patterns and potential indicators for price movement in the near future.
Bullish long-term forecast for Quant price
– Buyers have made several attempts to keep the price above $150 since December 26, 2023
– On March 25, 2024, the altcoin reached a high of $150 before experiencing a pullback
– QNT has retraced above the 21-day SMA, reaching a low of $131. The continuation of the uptrend hinges on maintaining support at the 21-day SMA. Conversely, a drop below this level could lead to a decline, possibly reaching the previous low at $106.11
Quant price indicators analysis
– Despite a recent dip, QNT’s price bars are still positioned above the 21-day SMA
– The altcoin may experience a rally if the 21-day SMA support holds
– Long candlestick wicks indicate significant selling pressure at higher price levels. Breaking above the resistance at $150 could pave the way for a resumption of the uptrend
Technical indicators
– Important supply zones: $140, $150, $160
– Important demand zones: $90, $80, $70
Future developments for Quant
– QNT has been moving sideways on the 4-hour chart since March 5, 2024
– The cryptocurrency’s price has fluctuated between $112 and $145 within this period
– The current price range is a result of buyers’ struggle to surpass the $150 resistance level. If this barrier remains unbroken, the existing range is likely to persist.
Hot Take: What could be next for the price of Quant?
As the price of Quant (QNT) continues to show resilience and maintain its position above key moving average lines, the upcoming price movements could be pivotal for the altcoin’s trajectory. With potential bullish indicators on the horizon, the next developments for Quant may offer significant insights into its future price action. Stay tuned for further updates on QNT’s price movements to make informed decisions in the crypto market. 📈🔍
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