Quant (QNT) Price Forecast: A Bearish Outlook
The price of Quant (QNT) has fallen below key moving average lines after facing resistance at the $150 mark. Here’s a breakdown of the long-term forecast for Quant:
Current Price Analysis
- The current price of QNT is around $117-118, showcasing a slight decline.
- Recent rejection has slowed down the recovery process for QNT.
Market Movement Expectation
Buyers are currently trying to push QNT above the moving average lines to resume the uptrend. If successful, the altcoin is expected to rise. However, failure to break above the moving average lines could lead to a further drop to $106.
Quant Price Indicator Analysis
Here’s an analysis of the Quant price indicator based on recent market movements:
- Price bars are currently below the moving average lines, indicating a downward trend.
- Candlestick wicks show strong selling pressure at the $150 resistance level.
Key Technical Indicators
- Important supply zones: $140, $150, $160
- Important demand zones: $90, $80, $70
Quant’s Next Development
As QNT falls below the moving average lines, the altcoin’s uptrend faces challenges breaking the $150 resistance level. The focus now shifts to the $101 support level and potential rejection at recent highs below the moving average lines.
Hot Take: Potential Bearish Trend Ahead for Quant
With Quant (QNT) struggling to break above key resistance levels and facing selling pressure at $150, the cryptocurrency’s long-term forecast leans towards a bearish outlook. Traders should monitor the $101 support level and moving average lines for potential market direction.
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