Will QNT Escape From Declining Channel?

Quant price prediction showcases the decline of QNT crypto inside an interesting pattern over the daily time frame. Buyers are currently trying to push QNT crypto upwards to register a breakout. Quant crypto has been declining within a descending parallel channel since April 2023. Now, buyers need to accumulate at a higher rate to push QNT towards its breakout. Volume change is below average.

Quant price was $90.33 at press time; a 0.39% uptick was recorded in market capitalization intraday. However, trading volume is down by 4.72% intraday which shows that sellers are present in the trade to pull QNT downwards. Volume to market cap ratio was 0.85%.

Will Quant Price Reach the Upper Threshold?

Quant price prediction showcases the decline of QNT crypto through the descending parallel channel over the daily time frame chart. Now, buyers need to gather at a higher rate to push QNT crypto upwards. However, volume change is below average and needs to grow in favor of buyers intraday. QNT crypto slumped below the 20, 50, 100 and 200-days daily moving averages.

Quant price recorded a 3.03% decrease over the past week and a decline of 9.81% within the last month. Extending the time frame beyond a month, QNT price dropped by approximately 13.66% over the past three months, and the drop is 26.60% over the past six months. Furthermore, when considering the year-to-date performance, the price of ApeCoin has lost 14.22%.

Technical indicators highlight the uptrend on the Quant cryptocurrency chart. Relative strength index (RSI)and moving average convergence divergence (MACD) both confirm the upward velocity of QNT crypto.

RSI was at 32 and is getting back from the oversold territory. The MACD line is moving towards the signal line for a positive crossover. Investors in Quant cryptocurrency need to wait until QNT crypto price reaches the upper trendline of the descending parallel channel.

Summary

Quant price prediction showcases the decline of QNT crypto inside an interesting pattern over the daily time frame chart. Furthermore, when considering the year-to-date performance, the price of ApeCoin has lost 14.22%. Technical indicators highlight the uptrend on the Quant cryptocurrency chart. Investors in Quant cryptocurrency need to wait until QNT crypto price reaches the upper trendline of the descending parallel channel.

Technical Levels

Support Levels: $89.35 and $88.30

Resistance Levels: $92.88 and $95.00

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 or stock comes with a risk of financial loss.