Quant price prediction stays bullish for the coming months and suggests bulls will lead the rally. Buyers succeeded in skipping the consolidation and showed an upward range expansion. It triggered the positive sentiment and the price surged 16% in the last session.
Meanwhile, the QNT price succeeded in climbing above the $140 hurdle and buyers are trying to give the follow-up. It shows that the bulls are strengthening their grip and are likely to hold the recent gains.
From the last two sessions, the buying volume increased rapidly and the price also got positively impacted. It indicates that the crypto whales are getting active and might have injected a big amount of money.
Quant token price is in an uptrend because it is sustaining above the 50-day and 200-day EMAs. Therefore, if the price retraces downward, EMA may act as an immediate support and the possibility of a bounce will be high.
In the last two months, Quant price spent time in narrow range consolidation. That zone has now turned into a demand zone, which will now act as a strong support in the coming months.
Finally, Quant Price Showed Range Expansion; What Next?
Quant price showed the range expansion and rewarded the short-term bullish traders. The recent move looks powerful and the bulls seem to have returned on the track.
However, it’s not going to be easy for the bulls to give the follow-up momentum and show its dominance near the $145 level. So, the price may spend some time in the new range before resuming the rally.
The analysis suggests that the QNT token is inside the bulls’ grip and new swing highs may be visible in January 2024.
QNT Price Analysis: Short-Term Dips May Bought Up?
QNT price is on buyers’ radar and new participants seem to be waiting for the dips to build fresh longs. Till the token price sustains above the $120.00 support, investors do need not to worry. They should calmly hold their longs.
The big players who have injected the money at lower levels will try their best to defend $120 and give a bounce. The chart pattern and price action both favor the bulls. It indicates that the QNT crypto might continue the upward journey and reward its investors in the long run.
Conclusion
Quant price prediction suggests the rally in the QNT token may continue to the next month. The recent surge in the token is massive, which shows the strength of bulls. The analysis suggests this token’s price spent some time in the new range before resuming the rally.
Technical levels
- Resistance levels: $150.05 and $165.04
- Support levels: $130.02 and $120.80
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2023/12/25/quant-price-surged-16-will-qnt-price-surpass-160-mark/