Quant (QNT) is trading sideways below the $185 resistance level. QNT price analysis by Coinidol.com.
Long-term Quant price forecast: bullish
The altcoin rallied to a high of $185 before resuming its horizontal trend. The digital asset is currently trading between $85 and $116. Since December 9, QNT has been stuck at a high of $116. Should buyers break through the $116 resistance, the market will rally to a high of $132.
Meanwhile, the altcoin is fluctuating below the resistance level, suggesting that it will continue to rise. The wick of the December 9 candle suggests that there is strong selling pressure at higher price levels. Quant will fall if the price falls below the 21-day SMA. It will reach its previous low of $95.
Analysis of Quant price indicators
Quant is in an uptrend as shown by the upward sloping moving average lines. The price bars above the moving average lines indicate the upward movement of the cryptocurrency. The price of Quant is moving in a narrow range between the 21-day simple moving average and the resistance level of $116.
Technical indicators
Important supply zones: $140, $150, $160
Important demand zones: $90, $80, $70
What is the next move for Quant?
The altcoin is still rising and has reached a high of $116. The altcoin will return to its positive price trajectory if the rising momentum is above the $185 barrier. On the 4-hour chart, the price of the altcoin is fluctuating between $105 and $117. If the current price levels are broken, the altcoin will initiate a trend.
On December 9, Coinidol.com reported that QNT has risen to $115.80 and when reaching the next resistance level of $120 where it may be rejected.
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/quant-aims-for-185/