Quant (QNT), an altcoin, is currently trading above the moving average line as it attempts to recover from a downtrend.
Quant price long-term forecast: bullish
Coinidol.com's price analysis shows that buyers have attempted to keep the price of altcoins above $150 on four occasions since December 26th, 2023. On March 25, 2020, the altcoin hit a high price of $150.
QNT is now above the SMA 21-days or the $131 low. The altcoin's uptrend will continue as long as it maintains the 21-day SMA. QNT's price will drop if it drops below the SMA. The altcoin is expected to fall over the 50-day SMA, and ultimately reach its previous low of $106.11.
Quantitative price indicators
QNT price bars remain above the SMA of 21 days despite the recent dip. If the support of the 21-day SMA holds, then QNT will continue to rise. The altcoin's candlesticks have been extended. A long candlestick wick indicates that there is significant selling pressure at higher prices. Once it breaks above $150, the altcoin's uptrend will resume.
Technical indicators
Important Supply Zones: $140 $150 $160
Important demand zones: $90, $80, $70
What's the next step for Quant?
QNT is trading sideways on the 4-hour chart since March 5, 2024. The price of cryptocurrency fluctuates between $112 to $145. Buyers' inability break through the $150 resistance barrier has resulted in the current range. The current range will not change if buyers are unable to break through resistance at $150.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
