Quant Price Analysis: QNT Up By 0.04%, Time to Buy?


  • QNT faces medium-term resistance at $270.58.
  • The current trading volume of Quant is at $16,624,248.00.
  • QNT gained approximately 0.04% within the last 24 hours.
  • Quant gain bullish momentum over the past week gaining 0.96%.

26 April 2024 : In this article we will walk you through Quant price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Quant, Is QNT a good investment? Quant support & resistance levels etc. But before diving deep into the QNT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,356,328,893,293. The total trading volume stands at $70,601,161,328. Bitcoin shares 53.46 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $63,998.16 level after an upward movement of 0.91%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.54 percent reaching to $3,132.46 during the previous 24 hours.
While publishing this blog, BNB traded at $601.63, following a price change of -0.8%within the same time frame. SOL the native coin of Solana is down by -1.35 and currently trading at $143.58. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Quant Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Quant (QNT)

QNT Resistance Levels QNT Support Levels
Resistance Level 1 $226.40 Support Level 1 $138.68
Resistance Level 2 $270.58 Support Level 2 $95.14
Resistance Level 3 $314.12 Support Level 3 $50.96

Quant Performance

According to PriceAnalysis Market Index, Quant (QNT) is trading at $108.15 with a trading volume of $16,624,248.00. However,QNT has seen a price increase of 0.04% in the last 24 hours.QNT price changes 0.96% over the week with a total market capitalization of $1,305,616,031.00 USD.

Quant Price Analysis

QNT price analysis for 26 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Quant.

Moving Averages Price Indicator
Simple Moving Average (10) 173.68 Sell
Exponential Moving Average (10) 179.74 Sell
Simple Moving Average (20) 156.24 Sell
Exponential Moving Average (20) 161.07 Sell
Simple Moving Average (50) 125.35 Sell
Exponential Moving Average (50) 128.55 Sell

The relative Strength Index (RSI) indicates that the QNT coin is trading in overbought phase, as RSI is at 87. Quant is moving in downward direction as bears successfully take the coin below immediate support level of $138.68. Now QNT should find a support at $95.14 or else the sellers could then target the crucial support level placed at $314.12. The MACD line is standing above of the signal line after a positive crossover. Quant investors need to wait for any directional change over the daily chart. While QNT’s Williams %R indicator is at -21.441 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.