- QNT’s price remains strong despite rejection from a high of $220 as the price holds above the key support area.
- QNT is set to turn green: The price of QNT takes crypto traders by surprise, leaving bears stunned. Binance has added QNT as a futures trading platform.
- QNT traded above $160. This is due to the continued uptrend of the QNT price above 200 Exponential Moving averages (EMA), on a daily basis.
While Quant (QNT’s) price has been volatile in the past weeks, this price is now showing what to expect. It showed that it was trending back and price had some strength which left bears disbelieving. The crypto market hasn’t enjoyed the Uptober that many were expecting as the market continues to range despite showing great signs of a rally in the early part of the month. Bitcoin (BTC), Ethereum, (ETH) and other cryptocurrency assets remain dormant with the exception of a few rare coins such Quant (QNT), who have seen bullish price movement. Data from Binance
Quant (QNT), Price Analysis on The Weekly Chart
The bear market has been tough for most projects, with most seeing more than 50% of their value declines. This discourages investors and traders alike from building up these assets.
With Bitcoin’s dominance (BTC.D) rising, this could hurt the price of most crypto assets. A rise of BTC.D above the 45% mark would mean altcoins will decline more with every slight price rejection for BTC, but this hasn’t been the case for QNT as the price continues to rally despite BTC.D rise and BTC continues in its range movement.
QNT’s price rose to an all-time high of $220. But it was stopped by resistance from trending higher to $330. The resistance is $220.
QNT prices have retraced back to $170. Bulls are still in control. We could see QNT rallying if QNT price holds above its uptrendline.
Weekly resistance for the price of QNT – $220.
Weekly support for the price of QNT – $110.
Prices Analysis of QNT on the Daily (1D), Chart
In spite of the volatility in crypto markets, the daily price range for QNT is still showing bullishness. BTC prices trade at their demand zone.
QNT’s price is still strong despite facing resistance, dropping down to $165. This puts it ahead of possible rallies to $220.
QNT’s price must remain above $110 in order to keep its bullish momentum. A break below that region would indicate bears have taken control of QNT markets.
Daily resistance for the QNT price – $220.
Daily support for the QNT price – $110.
Featured Image from zipmex. Charts by Tradingview