Quant Crypto Price At Support: Experts Targets $429 Post Breakout

• Quant price has dropped by 36% in a month.
• QNT price was forming a triple bottom pattern near the $104 territory.

Quant (QNT) price has remained bullish in November and the first week of December. It has witnessed a decent gain of 190%.

However, it has failed to hold and has experienced selling pressure. Since the second week of December, the Quant crypto price has declined by 36%, which displayed the sellers’ dominance.

After the recent fall, the token has undergone a consolidation phase over the past three weeks. Amid this consolidation, the Quant price has formed a triple bottom pattern and wandered in the support zone of $104. Experts expect a great bullish move post-breakout from the resistance level of $122.

Is QNT Price About to Blast Soon? Analysts Weigh In

Crypto analyst Alex Clay mentioned that Quant crypto has the potential to perform positively and achieve decent targets. He believes that the chart structure was bullish.

During the monthly time frame, the QNT crypto has kept falling due to resistance from a descending trendline. Based on the chart structure, the price is expected to trigger a breakout from the descending trendline.

Once the Quant price departs from the $104 territory, it might extend to the supply zone of $140. Suppose buyers remain strong; it may achieve its first target of $167.5.

The price might reach its second, third, and fourth goals of $228.5, $291.5, and $429.5, respectively. This could happen if investors are drawn to the chart structure.

QNT Price at Major Support: Could It Rebound Soon?

Quant crypto was trading at $104.6 when writing, which has declined by 1.42% over the past 24 hours. The market capitalization was $1.26 Billion, and the 24-hour trading volume was $29.1 Million.

According to the chart structure, the price has been battling between the 20-day EMA and the $104 level. According to the chart structure, the support level of $104 can be a buying region that draws in buyers.

Quant price has received buying pressure twice in the past three weeks, trading in the same zone. Therefore, buying pressure can be seen again.

Suppose the Quant crypto forms a bullish candlestick pattern in this territory; it might be a bullish signal. Once the price departs from this zone, it might reach the $20-day EMA. Strong buying pressure can be seen if the price triggers a breakout from the 20-day EMA.

Alternatively, sellers might be active if the token loses the major support level of $104. Losing this level might cause fear among buyers, and they might prefer to book profits. Here, profit booking might lead to strong selling pressure.

QNT Price Overview Amid Analysts’ Bullish Perception

Quant price has recently experienced significant volatility, with a notable decline of 36% over the past month. This happened despite a strong bullish trend earlier in the season.

The price is currently consolidating around the key support level of $104. According to analysts, this could serve as a pivotal point for potential upside movement.

A breakout above the resistance level of $122 could lead to further gains, with targets set at $140 and $167.5. Furthermore, the Quant Crypto could potentially go as high as $429.

However, if the price fails to hold the $104 support, it may increase selling pressure and discourage buyers. Thus, the coming weeks are crucial for QNT as it teeters between a potential rebound or further declines.

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.