QNT Price Prepeares For a Rebound

Quant price prediction suggests a positive comeback of the buyers in the near future. The buyers are showing great optimism regarding QNT crypto though their optimism may not last long if the historical price action is considered. At present, the QNT token is trying to breach its major barrier level near the 200 EMA.

Quant price is making a green engulfing candlestick pattern after making a doji candle near the support level on the daily timeframe. QNT price will need to initiate the breakout with strong positive momentum in order to recover its previous value. The Bulls are showing keen interest in Quant token according to the candlestick patterns.

Quant Price Prediction: Technical Analysis on Daily Chart

The QNT price may attain its next target which is 12.28% above the current price of around $120.0. However, the challenging task for the buyers will be breaking above this level. According to the historical price action, QNT token has been facing grave resistance from this price level, the buyers have been making constant attempts to propel Quant coin above this level without any success.

The RSI line suggests that the Quant price may continue to move upwards. The current RSI value of the QNT token is 57.08 points. The RSI line is presently taking support from the 14 SMA levels around 42.84 points.

Technical Analysis on Daily Chart QNT/BTC

In the QNT/BTC pair, the price has breached a crucial resistance level on the daily timeframe after facing rejection from the 200 EMA. The price action of the QNT/BTC pair dictates that it may see a further decline in its value within the near future. However, the RSI and Stochastic oscillators have reached the demand zone where the stochastic RSI is making a double bottom pattern.

The oscillators indicate the Quant token is currently undervalued which may cause the buyers to take interest in the token.

Conclusion

According to the analysis, the QNT token is trying to breach its major barrier level near the 200 EMA. An increase is also observed in the 24-hour trading volume which indicates that there is a surge in trading activity. QNT price is expected to reach $120.0, which may provide a target of 12.28% to buyers.

Technical Levels:

Support -$90.0

Resistance – $120.0 and $130.0

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.