Quant crypto (USD: QNT) price is in an uptrend, trading near the resistance level of $112. Buyers are aiming to break through the obstacle and achieve a new high. QNT crypto soared more than 18% last month. The price is above the key moving averages, highlighting bullishness.
The price action indicates that QNT crypto broke above multiple tops, highlighting the bulls’ strength, who kept making long positions.
At press time, Quant crypto was trading at $103.30 with an intraday loss of 0.94%, showing mild bearishness on the charts. Moreover, the intraday trading volume is 23.216 Million. The market cap of Quant crypto is $1.244 Billion.
The oscillators are currently indicating that the price is overbought. The investors are optimistic regarding the upcoming week’s performance.
Quant crypto price increased about 1.67% over the past week and gained 18.86% over the past month. The crypto has not performed well over the longer term, giving a nominal return of 1.74% over the past three months, and dropping about 2.61% over the past six months. The crypto’s performance throughout the year has also been disappointing, with a year-to-date decline of about 2.09%.
Technical Analysis of Quant Crypto Price in 1-D Time Frame
Quant ( USD: QNT) price rose steadily over the past three months, gaining 1.74%; and gained 18.86% in the last month. Currently, QNT crypto has been trying to hold on to this level after a surge in price.
If it can stay at this level, the Quant price could reach the first and second targets of $109.93 and $112.62, respectively. However, if the QNT price cannot stay at this level and falls, then it might hit the closest support levels of $98.34 and $95.72.
Currently, Quant crypto (USD: QNT) is trading above the 50 and 200-day exponential moving averages (EMAs), which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Quant price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 55.25 points. The 14 SMA is above the median line at 59.46 points which indicates that the Quant crypto is bullish.
The MACD line at 2.96 and the signal line at 3.22 are above the zero line. A bearish crossover is observed in the MACD indicator which highlights weakness in the momentum of the QNT crypto price.
Summary
Quant crypto (USD: QNT) technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the QNT crypto price. Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. Quant investors avoid the fear of missing out. Scarcity is created in the crypto market to attract investors and creditors.
Technical Levels
Support Levels: The Quant crypto price may find support at $98.34 and $95.72, where it could bounce back or stabilize.
Resistance levels: The QNT crypto price may face resistance at $109.93 and $112.62, where it could reverse or consolidate.
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/2023/11/14/quant-crypto-bullish-or-bearish-outlook-for-qnt-crypto/