The price of Quant (QNT) is in a sideways trend, with the decline halted above the $91.50 support. QNT price analysis by Coinidol.com.
Long-term quant price prediction: range
The altcoin’s price range has been between $91.50 and $105.50 since April 14, 2024. On May 1, the altcoin hit a low of $93.44, but the bulls bought the dips. QNT took an upward correction to a high of $106 but was rejected at the recent high. The 21-day SMA continues to limit the upside. QNT is now worth $97.96.
On the downside, extended candlestick tails suggest significant buying pressure at lower prices. On the upside, the altcoin will resume its uptrend if it recovers and breaks the 21-day SMA resistance. In the meantime, the altcoin is rallying to reclaim its key support above $100.
Analysing the quant price indicators
The price bars remain below the 21-day SMA, suggesting that QNT could fall further. The 21-day SMA limits the cryptocurrency’s upside. The moving average lines have formed a bearish crossover. The altcoin is in a downtrend, although selling pressure has always been halted above the $100 support.
Technical indicators
Important supply zones: $140, $150, $160
Important demand zones: $90, $80, $70
What is the next development for Quant?
Quant is currently trading in a range above the $91.50 support. The altcoin has been trading below the 21-day SMA resistance line but above the $91 support for the past two weeks. The sideways trend will be over if the resistance line is broken. The bulls have defended their current support of $91.
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.