Quant price prediction indicates that Quant crypto may see further depreciation in its value within the next few months. Presently, the Quant price is down by 6.14% over the past 7 days and according to the price action it is facing bearish pressure.
At present, the bears are in charge of the trend where they are maintaining firm command over the price action. Although the bulls attempted to take control. Despite the bullish optimism, the buyers were unable to break above 200-day EMA, and bears regained supremacy over the price action on the 1-day chart.
Quant crypto is trading under the key exponential moving averages within the bears’ grasp. The price is currently facing resistance from the 50-day EMA on the daily timeframe. QNT is facing substantial selling pressure in the supply zone which indicates that bears may push its value down further in the near future. The technical indicators suggest that bears hold the edge over the price action. The price pattern, oscillators, EMA’s, and volume are moving in tandem, giving similar signals.
At the time of writing, QNT is trading at $85.83 with an intraday gain of 1.81%, signaling bearishness. Moreover, the trading 24-hour volume is 12.86K and the last 10 days’ average trading volume is $14.78K.
Technical Analysis of Quant Crypto Price in 1-D Timeframe
At the time of publishing, Quant crypto (USD: QNT) is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price trend.
However, if selling volume adds up then the price might conquer supporting SMA’s by making lower highs and lows. Hence, the QNT crypto price is expected to move downwards giving bearish views over the daily time frame chart. The current value of RSI is 24.75 points. The 14 SMA is above the median line at 28.92 points which indicates that the Quant crypto is bearish.
The MACD line at -3.01 and the signal line at -2.64 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the QNT crypto price.
Summary
Quant crypto (USD: QNT) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the QNT crypto price. Quant price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.
Technical Levels
- Support Levels: $80.00 and $75.00.
- Resistance Levels: $95.72 and $100.00.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/09/26/quant-crypto-is-this-the-best-time-to-buy-or-sell-qnt-crypto/