Crypto Reader’s Update on Quant (QNT) Price Movement
Quant (QNT) price action is currently hovering between $72 and below the moving average lines, indicating some turbulence in the market. Here’s a breakdown of the latest trends and forecasts for Quant:
Long-term Price Forecast: Bearish 📉
Despite some fluctuations, the price of Quant has been steady below the moving average lines, with buyers facing rejection at key resistance levels. If buyers manage to push the price above these lines, selling pressure could ease, potentially leading to a breakout towards $104.
Analysing Quant Price Indicators 📊
The moving average lines are trending downwards, with the 21-day Simple Moving Average (SMA) serving as a crucial resistance level. Breaking past these moving averages could signal a shift in the current trend. On the 4-hour chart, price bars are testing the resistance at $80, constraining any potential upward movement.
Technical Indicators
- Important supply zones: $140, $150, $160
- Important demand zones: $90, $80, $70
What’s Next for Quant? 🚀
Quant’s price decline has slightly eased since the drop on June 18, with the altcoin now trading between $71 and $80. It continues to test the $80 barrier, creating challenges for buyers to enter the market. Last week, the altcoin traded within the range of $72 to $78 before attempting a breakout above the moving average lines, only to face rejection at $85.
Hot Take on Quant’s Price Movement
As the Quant (QNT) price remains volatile, with key resistance levels posing challenges for buyers. Keeping a close eye on the moving average lines and key support levels will be crucial in determining the next direction of the market. Stay informed and make informed decisions based on the latest price movements and indicators in the Quant ecosystem.
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