Quant (QNT) Price Analysis: Sideways Trend Below $110
The price of Quant (QNT) has been moving in a sideways trend below the $110 resistance level. This resistance marked the end of the previous upswing, and since October 26, the cryptocurrency has been fluctuating between $96 and $110. As the market approaches the overbought zone, it is unlikely that QNT will rise much higher, potentially coming under selling pressure again if the current support at $106 is broken, leading to a fall to $85.
Quant Price Indicator Analysis
The sloping moving average lines indicate that the current rally has ended, and the market is moving in a range. The altcoin is retracing its steps, and if it falls below the moving average lines, its value will drop.
Technical Indicators
Key supply zones: $140, $150, $160
Key demand zones: $90, $80, $70
What’s Next for Quant (QNT)?
While QNT is currently in an uptrend, it could face a potential decline as it has reached an overbought zone between $110 and $115. The bulls have failed to extend their bullish momentum above this area since July 30. On November 6, QNT/USD was trading at $100.26.
Hot Take: Quant Price Long Term Prediction – Bullish
Despite the current sideways trend below the resistance level, there is still potential for a bullish long-term prediction for Quant (QNT) given its historical price performance and market indicators.
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