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Quant (QNT) Price Prediction: QNT token price displayed a golden EMA crossover

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QUANT (QNT) Price Prediction
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  • Quant token price reclaimed 50 and 200-day EMA which indicates the golden crossover
  • QNT token price formed a double-bottom bullish reversal pattern and succeeded to break out of the neckline hurdle.
  • QNT token technical indicators are turning bullish 

The Quant crypto price is trading with bullish cues and bulls are trying to snatch the dominance from the sellers in the supply zone. However, The price is likely to consolidate before deciding the further direction. Currently, The pair of QNT/USDT was trading at $155.2 with intraday gains at  2.78% and the 24-hour volume-to-market  cap ratio at 0.0443

Will QNT token price continue the momentum ?

Source:  QNT/USDT daily chart by Tradingview

On a daily time frame, Quant token price is reversing upward with positive momentum and forming a double bottom bullish reversal pattern. At the beginning of January, QNT price had taken support near the $100 mark and reversed upward while forming a higher high candle and reclaimed above 50 and 200-day EMA which shows the confidence of bulls at the lower levels.

The QNT token price has formed a double bottom pattern and bulls have broken out of the neckline resistance at $130.00 which has triggered the positive sentiment and price continued the upward momentum. On the higher side, price are near the supply zone and $160.00 will be acting as immediate resistance in the coming days. However, if bulls succeed to break out of the $160.00 hurdle then the QNT price may rally toward $180.00 in a short span of time. 

On the lower side, QNT price had made a strong base at $130.00 which will act as an immediate support level if any short-term correction triggers from the higher levels. According to price action, QNT will consolidate in the range between $130.00 to $180.00 before deciding the further direction. The MACD had generated a positive crossover and the histogram bar is on the rise showing bullish momentum that will continue in the coming days whereas the RSI at 72 denotes an overbought level.

Summary

The Quant crypto price showed a massive recovery of 55% from the recent lows and continued the upward momentum. The technical analysis suggests that the price is near the supply zone and likely to halt near the $160 level and consolidate for some time before deciding the further direction. Therefore, traders may look for buying opportunities when price retrace towards 50 day EMA for the target of $180.00 and above by keeping $125.00 as SL

Technical levels

Resistance levels: $160.00 and $180.00

Support levels: $130.00 and $100.00

Disclaimer

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

Nancy J. Allen
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