Quant

The post <a href="https://coinpedia.org/price-analysis/quant-price-continues-stumbling-is-another-10-underway-for-qnt-price/" rel="noopener noreferrer nofollow">Quant Price Continues Stumbling! Is Another 10% Underway For QNT Price?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto industry continues to display significant price volatility, highlighting increased tension between the bulls and the bears. Further, top tokens continue to display constant decline, suggesting a bear power in the market.&nbsp;
The <a href="https://coinpedia.org/price-prediction/quant-qnt-price-prediction/" rel="noopener noreferrer nofollow">Quant price</a> constantly traded in a consolidated range between $111.1 and $113.8 for a period, following which the market lost momentum and the QNT price experienced a loss of over 5%.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/FaMuhcnkaf3H00qUJSP1d0Si-7aqxHvqgE_Yt-xxYCunjRBX8FGvSrQNvlqJk83GgZFWERPELL2j9bpUzdQWSpm-UyjFDT_vyyD1FuspslhchIhGzCgVJxVnyEYf_AwlUK_09JFEi0Q2BQY0A6afip4" alt="Quant Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: QNT/USDT
 </figcaption>
</figure>
After testing its low of $107.8, the market bulls regained momentum and broke out of multiple resistance levels. The QNT token jumped over 5.5% in valuation, following which the price traded sideways for a while with the help of its support level.
The bulls made multiple attempts to gain power, but the bears overpowered the bulls, resulting in a price breakdown. The price then traded sideways for a while, displaying a neutral trend in the crypto space.
As the market regained momentum, the price gained just enough power to break out of its resistance level where it traded sideways for a while. Since then, the price has been constantly trading under a bearish influence, indicating a higher selling-over-buying pressure in the market for the coin.
<h2 class="wp-block-heading" id="h-will-qnt-price-hit-115-soon">Will QNT Price Hit $115 Soon?</h2>
The Relative Strength Index (RSI) displays a bullish curve in the chart, indicating an increase in the bullish sentiment in the market. Further, the averages show a high possibility of a bullish convergence, suggesting a bullish trend reversal soon.
If the market pushes the price above its resistance level of $109.8, the bulls will regain power and test its upper resistance level of $111.1 soon. Maintaining the price at that level will set the stage for Quant to attempt to test its resistance level of $112.4 in the coming time.
Conversely, if the bears continue to gain power, the QNT price will fall to test its support level of $107.8 soon. Moreover, if the bears continue to dominate the market, it will plunge further and prepare to test its lower support level of 106.3 during the week ahead.

Quant Price Continues Stumbling! Is Another 10% Underway For QNT Price?

Table of Contents

CoinPedia News

Other articles published on Jan 22, 2024

Bitcoin: PlanB reveals two essential forecasting models

Hong Kong to reportedly debut spot crypto ETFs by mid-year

3AC founder Su Zhu says prison 'good for you' after four-month stay

Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11

The 3 Best Cryptocurrencies for 2024 That Could Make You a Millionaire in the Future

Magpie Embarks on New Ventures with EigenLayer and SubDAO Eigenpie

Join our free newsletter for daily crypto updates!