- A bullish crossover has been generated between the RSI and RSI-based moving averages.
- Quant crypto price has extended to the last swing high.
Since October, the Quant price chart has inclined and extended to the $150 mark, but it has failed to sustain, and selling pressure was observed. At that time, the price declined by 33% and took support at the support level of $100. The Quant (QNT) crypto price has reversed and extended to the strong resistance level of $150.
The Quant crypto prices have struggled between the $100 and $150 levels. The price has taken support on the 200-day exponential moving average and has risen by 22% in the last 10 days. For the previous 4 days, the QNT price has been showing price rejection.
According to the technical indicators, the QNT price is trading over the significant moving average, which showcases the optimistic forecast. The RSI is at 58, generating a crossover between the RSI and RSI-based moving average, indicating the bulls’ grip.
Whales’ Holdings
The Whales’ holdings have decreased by 5% in a year, negatively impacting the Quant price. The whales hold $12.62 million, investors hold $3.98 million, and retailers hold $7.83 million. The holdings of whales may impact the price in the long term.
Quant Crypto Price vs Volume Analysis
The graph of price and volume indicates that the trading volume has increased by 300% since the last week of February, and the price has also gained bullish momentum. In the previous 4 days, the trading volume has dropped by $90 million to $30 million, but the price has not significantly declined. If the volume keeps declining, it may negatively impact the price.
Will the Quant Price Extend to the $200 Mark Next Month?
The Quant crypto price has been facing resistance from the $150 hurdle on a daily time frame. The QNT price has surpassed the 20-day EMA and is heading toward the resistance level. In a month, the QNT price has risen by 40% and reached the last swing high.
Suppose the QNT crypt price faces resistance from the $150 mark and slips below the 20-day EMA; it may easily drop to the 200-day EMA. If the price fails to defend the 200-day exponential moving average, sellers may become confident, and a 52-week low can be expected.
Alternatively, buying pressure can be expected if the Quant crypto price manages to surpass the $150 hurdle and sustains over the $160 mark. If the Quant QNT price chart attracts investors, bulls may dominate for the long term, and it can approach the $200 mark in a few weeks.
Quant Price Prediction in a 4-H Timeframe
The current market price of Quant crypto is $136.01, which has dropped by 1.02% in the last 24 hours. The market capitalization is $1.64 billion, and the fully diluted market cap is $2.02 billion. The 24-hour trading volume is $30.10 million, which has declined by 14.65%.
In a 4-H time frame, the QNT price has slipped below the 20-day exponential moving average and is looking for the 200-day EMA. If the price sustains below the 20-day EMA, it may melt to the 200-day EMA.
On the other hand, if the QNT crypto price bounces back and is sustained over the 20-day EMA, short-term buying can be expected. If the price surpasses the last swing high and trading volume increases, it may keep surging in the long term.
Conclusion
Quant price has been in a bullish trend and extended to the last swing high. For the last few months, the QNT crypto price has been facing resistance from the $150 mark. According to the analysts, the Quant price chart may generate a buying signal over the $160 mark, and sellers will dominate below the $100 level.
Technical Levels
Resistance: $150.00 & $160.00
Support: $120.00 & $100.00
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.