Quant

Cryptocurrency

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    Sep 12, 2023 at 05:37 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/e83/900_900_1/2urilqj3siud31cx29n5fl0dsnzymfad.jpg" width="900" height="563" alt="Quant fears further decline" title=""> 
 <p><strong>Cryptocurrency analysts of Coinidol.com report, the price of Quant (QNT) is in a sideways trend, although it is facing a further decline below the existing support.</strong></p> 
 <h2 style="text-align: justify;" id="quant-long-term-price-forecast-fluctuation-zone">Quant long-term price forecast: fluctuation zone&nbsp; </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> Since August 17, the upward movement of QNT has been hindered by the shifting average lines or resistance at the $100 level. The moving average lines have rejected the cryptocurrency's price twice. </p> 
 <p style="text-align: justify;"> QNT is currently trading in a narrow range between $98 and $100. The market will fall below the previous low of $91 if the bears break the current support. The moving average lines and resistance at $100 could be overcome if the price of the cryptocurrency rises again. The positive trend will continue to the high of $116. Meanwhile, the altcoin is trading in a narrow range above the $98 support. </p> 
 <h2 style="text-align: justify;" id="quant-price-indicator-analysis"> Quant price indicator analysis </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> Quant has steadily declined to the Relative Strength Index of 39 during period 14. As it approaches the oversold zone, the altcoin is in a bearish trend zone. The moving average lines are sloping horizontally and are above the price bars. The altcoin is in a range bound move and could go lower. QNT is in a downtrend below the daily stochastic level of 40. </p> 
 <p style="text-align: justify;"> <img width="1011" alt="QNTUSD_(Daily Chart) – Sept. 11.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/12/ebc335b0517529e927bd21e2636bca39.webp" height="545" title="QNTUSD_(Daily Chart) – Sept. 11.23.jpg"><br> </p> 
 <h3 style="text-align: justify;" id="technical-indicators"> Technical Indicators </h3> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> <b>Key supply zones: $140, $150, $160 </b> </p> 
 <p style="text-align: justify;"> <b> </b> </p> 
 <p style="text-align: justify;"> <b> Key demand zones: $90, $80, $70</b> </p> 
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-quant"> What is the next move for Quant? </h2> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> The QNT/USD pair is trading near the bottom of the chart, but in a small range. Since May, the cryptocurrency asset has been trading above the $98 support level. Beyond that, the altcoin is trading only below the $100 resistance level. If the fluctuation range is broken, the cryptocurrency will develop a trend. </p> 
 <p style="text-align: justify;"> <img width="1011" alt="QNTUSD_ (4 Hour Chart) – Sept.11.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/12/0febe707c414bdb49d1d34ea662f6dc5.webp" height="545" title="QNTUSD_ (4 Hour Chart) – Sept.11.23.jpg"><br> </p> 
 <p style="text-align: justify;"> As we reported on September 04, The altcoin recovered and broke above the moving average lines on August 26 to reach a high of $105. The positive momentum failed to break through the $112 resistance level, which led to the decline.&nbsp; &nbsp; </p> 
 <p style="text-align: justify;"> </p> 
 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> 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.</span></i> </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/quant-retests-support-at-98-and-fears-further-decline-tbt62384.html">https://thebittimes.com/quant-retests-support-at-98-and-fears-further-decline-tbt62384.html</a></p>

Quant Retests Support At $98 And Fears Further Decline

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