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After a brief price consolidation from the 9th of October to the 13th of October, the price of Quant skyrockets continuously for 5 days straight (that was after the price struggle between buyers and sellers reached its climax on the 12th of October). The aggressive bullish market also reached its climax on the 17th of October, which was when the price reached $225. From the 17th of October, the price began to pull back till the 20th of October. Traders began to buy the market again from the 21st and as the buying pressure increased, but, the bearish trend only changed to a sideway-ranging market.
Quant Market Price Statistic:
- QNT/USD price now: $170.82
- QNT/USD market cap: $
- QNT/USD circulating supply:
- QNT/USD total supply:
- QNT/USD coin market ranking: #
Key Levels
- Resistance: $175, $180, $185
- Support: $160, $155, $150
Quant Market Price Analysis: The Indicators’ Point of View
Buyers were able to form strong support against the bearish market move at $164 on the 27th of October. In the market today, buyers are targeting a higher price level. Although the price is still below the Bollinger moving average (that means the market is leaning slightly to the side of the bears), it is now attempting to rise above the moving average. However, the RSI line is still measuring in the bullish zone of the indicator.
QNT/USD 4-Hour Chart Outlook
In this timeframe, the price action came above the Bollinger moving average in the fourth session. And it has established a basis above the moving average for upward price performance. The MACD indicator has been portraying negative histograms because the price action has been moving below the moving average for some periods. And from the RSI indicator, the line has pulled back from 55.8% to retrace 52%. Bearish pressure is increasing at this point. And as a result of this, the price may continue to range sideways.
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