Price Analysis of Quant (QNT)
The price of Quant (QNT) has been in a downward trend, struggling to break out of a narrow range. As the bears continue to push the price down, it has fallen below key support levels, indicating a bearish sentiment in the market.
Long-term Quant Price Prediction: Bearish 📉
- The altcoin is currently trading at $91.72, approaching its previous low of $91.50.
- If the $91.50 support level is breached, QNT could drop further to $85.
- On the other hand, if support is found at $91.50, the coin may see a reversal and resume an uptrend.
Quant Price Indicator Analysis 📊
- Price bars are below the moving average lines, signaling a bearish market sentiment.
- The 21-day SMA has crossed below the 50-day SMA, indicating a downward trend.
Technical Indicators 🔍
- Key supply zones: $140, $150, $160
- Key demand zones: $90, $80, $70
What’s Next for Quant? 🚀
- QNT has been holding above the $92 support level since May 12, showing resilience in the face of bearish pressure.
- Multiple retests of the support level indicate a potential downside risk, with the possibility of reaching the previous low of $85.
- However, signs of strong buying pressure at lower price levels hint at a possible reversal in the near future.
Hot Take 🌶️
Despite the current bearish outlook for Quant (QNT), there are glimmers of hope for a potential trend reversal with strong support levels in place. Traders should keep a close eye on key price levels and technical indicators to gauge the coin’s future direction in the market.
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