The Quant price is in a losing streak after dropping near the monthly low. The price is in the third day of a losing streak and is likely to retrace 200-Day EMA on the daily chart.
QNT price is facing strong selling pressure in the short term and has been losing continuously after it failed to surpass the round and psychological level of $150.
The bulls are attempting but are not overcoming the selling pressure from the upper levels. The price experienced volatility last week and attempted to hold near the 50-Day EMA.
Furthermore, the bulls tried in the earlier two sessions of this week however, failed in the later three sessions of this week, losing the previous gains and resuming its downtrend. The price currently hovers at $110.96 and is headed to test the 200-Day EMA.
Quant Crypto Price Technical Analysis
The bears are dominating in the short term, but the long-term trend is backed by the bulls as the price is above the 200-Day EMA. The long term outlook is positive which may help the QNT price attract buyers at the dips.
The price has reached near the recent support level from which the buyers may enter into the game and try to halt the price further. Also, the 200-Day EMA may act as a major dynamic support and the price may receive buying volume to reverse its direction in the short term.
The technical indicators show that the QNT crypto is demonstrating a vigorous downward trend in the short term as it is below the 20 and 50-Day EMAs.
The QNT asset is in a strong downtrend as MACD reveals a bearish change in its area, implying more downward opportunity. However, the RSI does not suggest any oversold situation yet, suggesting that the QNT asset has more room to move lower.
Quant Price Prediction January 2024
As per the most optimistic view of our analysts, the QNT price could reach a high of $136.17 by the end of the month. The bearish view of the analysts hopes for a breakdown below the recent support, after which the price may drop to a low of $96.50.
Quant Price Prediction 2024
The analysts have a wide range of price targets for 2024. The most optimistic view of analysts assumes the QNT crypto could attain a high of $181.25 suggesting a potential gain of over 63.23%. The lower price target for the crypto as per the analysts is $151.38.
Quant Price Prediction 2025
On the most bullish observation, Quant crypto could hit the high mark of $234.7 in 2025. On the flip side, the most pessimistic prediction of our analysts is the $189.11 mark.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2024/01/19/quant-price-struggles-to-attract-buyers-extended-downtrend/