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- 1 The quant price chart shows a decline in the volume and price in the previous trading session.
- 2 The QNT Santiment chart demonstrates social dominance and social volume.
Quant has been experiencing a decline in its market value, with a downward trend being observed on the short-term charts. Additionally, the prices have dropped below the key EMA, indicating a further weakening of the currency. Various technical indicators also paint a bearish picture, with the RSI hovering close to the oversold level and the MACD forming a bearish crossover with the red band. Based on these signals, it is possible that the cryptocurrency may need to undergo further correction.
The long-term bearish trend for the Quant price prediction remains intact as long as it trades below key EMA levels. However, in case buyers provide support, there is a possibility of a bounce back in the price. As per technical analysis, the QNT crypto price is currently under the bears’ control. Nevertheless, if the overall market shows signs of recovery, buyers might push the price towards the upper level.
Traders and investors must stay calm and avoid taking action until a clear range break occurs. This will prevent the fear of missing out and reduce potential losses. Currently, the price requires significant support from buyers to make a comeback as it is facing resistance from previous resistance points and multiple moving average levels. Candlestick patterns indicate that buyers are taking control of the price movement.
Investors in Quant should not be swayed by the hype. The crypto market often creates a sense of urgency to attract more investors and lenders, contributing to market instability. Therefore, it is wise to stay away from such hype.
Quant Crypto Price vs Volume Analysis
The Santiment graph shows that both the trading volume and price have decreased since the start of this month. Over the past three days, there has been a significant drop in trading volume, with a slight decrease in price. If the trading volume continues to decrease, the price will fall below the trendline.
Quant Crypto Social Dominance vs Social Volume Analysis
Over the past few months, there has been a decline in both the social dominance and social volume graphs. This decline indicates a decrease in awareness and information on social media platforms such as X, Instagram, and Telegram. In the event that the social dominance and social volume graphs experience an increase, it could potentially have a positive impact on the price of Quant.
Summary
Quant cryptocurrency has experienced a decline in its market value. Technical indicators suggest a bearish trend. Trading volume and price have decreased since the start of the month, and a significant drop in trading volume has occurred over the past three days, with a slight decrease in price. The decline in social dominance and social volume graphs indicates a decrease in awareness and information on social media platforms. However, an increase in these graphs could potentially have a positive impact on the price of Quant.
Technical Levels
Support Level: $101.00
Resistance Level: $122.33
Disclaimer
This article is for informational purposes only and does not provide any 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
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.
