03 October 2022 : 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.
Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $938,830,502,746. The total trading volume stands at $54,009,734,740. Bitcoin shares 39.71 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,450.15 level after an upward movement of 1.31%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.9 percent reaching to $1,322.05 during the previous 24 hours.
While publishing this blog, BNB traded at $287.54, following a price change of 1.58% within the same time frame. XRP the native coin of XRP is down by -1.21 and currently trading at $0.45. Additionally, Cardano reached $0.43 after seeing a uplift of 0.12% 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.
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||$150.17||Support Level 1||$115.27|
|Resistance Level 2||$166.07||Support Level 2||$96.27|
|Resistance Level 3||$185.07||Support Level 3||$80.37|
According to PriceAnalysis Market Index, Quant (QNT) is trading at $139.85 with a trading volume of $68,486,679.00. However,QNT has seen a price increase of 3.89% in the last 24 hours.QNT price changes 20.14% over the week with a total market capitalization of $1,688,415,364.00 USD.
QNT price analysis for 03 October 2022 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.
|Simple Moving Average (10)||128.19||Buy|
|Exponential Moving Average (10)||129.74||Buy|
|Simple Moving Average (20)||115.91||Buy|
|Exponential Moving Average (20)||117.89||Buy|
|Simple Moving Average (50)||108.45||Buy|
|Exponential Moving Average (50)||109.56||Buy|
The relative Strength Index (RSI) indicates that the QNT coin is trading in overbought phase, as RSI is at 77. 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 -21.058 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The immediate resistance for QNT is found at $150.17, and a breakout from this level could leads towards the next resistance, which can be found at $166.07. On the other hand, if the bear take control and QNT price fails to break out above $150.17, it could fall back towards the crucial support at $115.27.
According to our technical analysis data, the short-term forecast for the Quant price is mostly bullish at the time of writing. The cryptocurrency Quant seems to be on the rise again. A significant return-on-investment (ROI) is predicted if you acquired the currency some time back.