Quant price analysis: QNT goes up to $181 as bulls define the price function

TL;DR Breakdown

• The Quant price analysis is bullish today.
• Resistance for QNT/USD is present at $187.5.
• The support is present at $177.

The latest Quant price analysis is showing signs of an upward trend as the price has undergone a significant improvement in the last 24-hours. The bullish upswing has resulted in a remarkable improvement in the price as its value has upgraded to $181.5. Although the price experienced a downfall at certain points today as well, overall, the market has been ruled by the bulls. The price might surpass even higher levels in the approaching hours as well.

QNT/USD 1-day price chart: Price bounces back to $181.5

The 1-day price chart for Quant price analysis shows the bulls have been reigning the price chart for most of the time during the past week, and the QNT/USD has been maintained above $180. A rise in price has been recorded during the last 24 hours as well, as the price climbed above the $181 level. The increasing trend is expected to intensify further in the period of upcoming hours as well. If we mention the moving average indicator in the one-day price chart, then it is at the $178 position.

The volatility has been mild, with the Bollinger bands maintaining almost the same values. The upper band is at $203, representing resistance for QNT and the lower band is at $165, representing support for QNT. The Relative Strength Index (RSI) score has reached near the center of the neutral zone at index 47 and leaves more room for further bullish practice.

Quant price analysis: Recent developments and further technical indications

The four hours Quant price analysis is showing signs of an upswing as the price has improved remarkably during the day. The bullish momentum has been intensifying over the past few hours again, and the price has been progressing upwards. Currently, it is present at the $181.5 mark, and it is expected that it will reach a higher point. The moving average is still at a lower level as compared to the price, i.e., at $175, but a crossover in SMA20 and SMA50 is taking place, which is a further bullish indication.

The Bollinger bands indicator in the four hours price chart maintains the average value of $175. Whereas its upper value has reached the $190 limit and its lower value is at the $161 position, the indicator shows high volatility for QNT. The RSI score is increasing again as the price is going up again due to the recent buying activity in the market. The RSI indicator shows a reading of 54 on the 4-hour chart.

Quant price analysis conclusion

The Quant price analysis shows bulls are maintaining their lead since yesterday, and has rallied high today towards $185 later in the night, and are leading the charts again after a correction in between. We expect QNT/USD to continue upside towards $185 today.

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