Quant (QNT) Price Analysis: Long-term Forecast and Technical Indicators
The price of Quant (QNT) has been on the rise after recovering from a previous decline. The decline ended above the $85 support level, and the cryptocurrency has since broken above the moving average lines, indicating a continued upward trend.
Currently, QNT is trading at $115.80 and may face resistance at the $120 level. If this resistance is broken, the price could rise to $132. However, it’s important to note that QNT has entered the overbought area of the market.
Analysis of Quant Price Indicator
The price bars of QNT are now above the moving average lines, suggesting a shift in control. There was significant selling pressure at higher prices, as indicated by the candle wick. The moving average lines are currently trending upwards after initially falling downwards.
Technical Indicators
Key supply zones for QNT include $140, $150, and $160, while key demand zones are at $90, $80, and $70.
What’s Next for Quant (QNT)?
After bouncing off the $85 support level, QNT has been on an uptrend and reached a high of $116. However, it faces resistance at this level. If the current resistance is broken, QNT could return to its previous high.
Hot Take: The Future of Quant (QNT)
The price of Quant (QNT) has been showing positive momentum after recovering from a decline. With continued upward movement and breaking through resistance levels, QNT has the potential to reach higher prices. However, caution should be exercised as QNT has entered overbought territory. Traders and investors should closely monitor price movements and key levels to make informed decisions.
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