Quant Price Prediction: QNT Holds Above $100, What’s The Strategy for Next Week?

• Quant price is trading well above the $100 conceptual trading level.
• As of now, the buyers manage the QNT price above the 20-day exponential moving average.
• The trading volume fell by 36% in the last 24 hours.

The Quant price is trading under the control of the bulls after holding above the $100 conceptual round level. The recent sharp fall in the price from mid-October to mid-November forced many retail investors out of the market. Later, a slight positive recovery brought some respite, with the total crypto market capitalization remaining above $800 billion.

Due to the collapse of FTX, Quant Crypto recorded the latest yearly low at $94.3, flipped to the important rescue zone for the bulls. Since then, the digital asset has formed a high-low structure. At the same time, the bears are also barely maintaining their dominance, as buyers often fail to close daily price candles above the $115 level.

Despite the roller-coaster ride, the bull hold asset is trading above the $100 conceptual round level. Meanwhile, at press time, the Quant Token (QNT) price is trading at the $112.9 mark against USDT. Price action is forming higher-lows above the ascending trendline (above chart). Nevertheless, bears also defend themselves when the horizontal line falls. It remains to be seen whether QNT will go up or down.

Bulls found support in the $100 area, conversely, sellers placed sell orders at each swing higher. So far, QNT has remained well above the 20 daily exponential moving average on the daily price chart. The next resistance is the 50 EMA, which is likely to hinder the upside momentum for some time.

Volatility has increased in the last few days. In contrast, the trading volume fell by 36% in the last 24 hours. The RSI appears flat just below the halfway point, with buyers awaiting a bullish breakout above this level. Meanwhile, the ADX is moving towards 20, showing a decrease in momentum strength.

Conclusion

Quant (QNT) price has a major support at the $100 mark as well as above the 20 EMA. The buyers are still waiting for an RSI breakout above the semi-line, but buyers can watch a retracement near the 200 EMA.

Support level – $100 and $80

Resistance level – $125 and $170

Disclaimer 

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

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.

Latest posts by Nancy J. Allen (see all)