Quant Price Forecast: QNT Price Holds $100; Will it Show a Bounce?

• 1 Quant price prediction says this token may show a 20% to 30% upside in the coming months.
• 2 QNT price is consolidating between the 50-day EMA and 200-day EMA.
• 3 The narrow-range consolidation in QNT crypto will see an expansion soon.

Quant price prediction suggests this token may show a 20% to 30% rise from the current levels. QNT price taking support near the $94.00 level and buyers are trying their best to show a bounce.

The 50-day EMA and 200-day EMA sloping sideways denotes that the price lacked direction. If buyers managed to push above both the EMAs, then one might see the initial signs of the bullish trend reversal.

In mid-November, the QNT price tried to break out of the 110.00 hurdle. However, due to the strong presence of sellers, the attempt failed and the price reverted downward.

Gradually, the Quant crypto price declined and retested the $100 level. Luckily, the buyers came forward and succeeded in defending the $100 support. At present, QNT price seems to be stuck in a range between $94.00 to $110.00.

The next directional move will be visible when the price breaks either side of the range. Till then, the aggressive buyers may look to scalp near the $100 level for generating a short-term gain.

Currently, Quant price is trading at $100.50 with a one-day gain of 0.40%. The 24-hour volume to market cap stands at 1.23%.

Quant Price Is at Make or Break Level

Source: QNT/USDT daily chart by Tradingview

Quant price prediction suggests the token is undervalued so it might show a decent rally in the coming months.

In October 2023, QNT crypto showed a steep recovery from the yearly low. This recovery is supported by a high buying volume so it indicates that some big players injected the money. So, they will try their best to defend the demand zone.

Till the QNT price sustains above $94.00, investors must seek to buy to generate nominal returns. The analysis suggests that bulls look more aggressive so they are likely to win the battle inside the zone.

QNT Price is Trading in the Range; What Next?

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QNT price is trading in the range and forming a Doji candle for five consecutive weeks. The consolidation range will mature soon which may trigger a sharp rise in QNT token price.

Conservative investors may wait for a $110.00 breakout to build fresh longs. However, the aggressive players might take the risk and build long positions at current levels.

The MACD curve is near the zero line and sloping sideways denotes price will continue its consolidation. The RSI at 50 denotes neutral sentiment between buyers and sellers.

Conclusion

Quant price prediction suggests a 20% to 30% rise is possible in the coming months. The chart pattern looks bullish so it might show a bounce from the current levels.

The analysis suggests QNT price is in the bulls’ grip so traders may look at the scalp for short-term gains.

Technical Levels

• Resistance levels: $112.70 and $128.10
• Support levels: $94.70 and $84.10

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew Smith

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.

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