Quant price analysis: QNT retests $315, more upside to follow?

TL;DR Breakdown

  • Quant price analysis is bullish for today.
  • Resistance for QNT/USD is found at $336.
  • Support is still strong at $311.

The Quant price analysis reveals the QNT/USD price is at a good level today as it nears almost the $315 mark. The current bullish momentum has helped the price to tower above the price levels of the last two weeks, which is a good accomplishment for the cryptocurrency.

The broader crypto market is showing mixed market sentiment. As Bitcoin, despite breaking upwards today, is still at a loss of 1.3 percent, Ethereum reports a marginal gain of only 0.4 percent. Most of the top altcoins are reporting losses today, and on the contrary, few altcoins show gains, with the Fantom and Quant topping the chart with more than 11 and seven percent profits over the last 24 hours.

QNT/USD 1-day price chart: Bullish momentum aggravates price flow above $300

The 1-day price chart for Quant price analysis shows the bullish trend has helped the price to heighten to $312.6 at the time of writing, gaining a value of more than seven percent over the last 24 hours, which is a significant gain, and around three percent over the course of the last seven days. The trading volume is also up by almost 50 percent resulting in the market dominance of 0.15 percent.

Quant price analysis: QNT retests $315, more upside to follow? 1
QNT/USD 1-day price chart. Source: TradingView

The volatility is low for QNT/USD pair as the Bollinger band continues to form the narrow channel, which was initiated on 10th October. The upper Bollinger band is at $323, representing resistance for QNT, and the lower band is at the $294 mark, which represents support for QNT/USD. The moving average is at the $294 mark below the price level.

The relative strength index (RSI) is in the upper half of the neutral zone at index 55. The RSI moved up yesterday when the price showed good performance but has again flattened a bit as buying slows down. However, the indicator shows buyers’ dominance in the market.

Quant price analysis: Recent developments and further technical indications

The 4-hour Quant price analysis shows that bears tried to hinder the upwards price movement by showing strong resistance, but bulls have ruled them out by gaining control on the price function again, as the last green candlestick on the 4-hour chart proves.

Quant price analysis: QNT retests $315, more upside to follow? 2
QNT/USD 4-hours price chart. Source: TradingView

The volatility for QNT/USD is high on the 4-hour chart as the Bollinger bands show convergence, but we can see the price has again moved above the upper Bollinger band and has turned it into a support level so chances for further improvement are brighter. The RSI also complements the statement as it has taken a sharp upwards turn, indicating increasing buying activity in the market. However, the RSI is still in the neutral zone at index 66 but can enter the overbought zone.

The simple and exponential moving averages and the MACD and Momentum oscillators also indicate bullish signals and support the buying decisions of the QNT assets.

Quant price analysis conclusion

The Quant price analysis suggests the bulls have countered the bearish attack and are on a march towards further highs. The mark of $315 seems to be conquered soon, and if the support present at the current price level of $312 remains intact, then a further rally can be expected, but if support faulters, still we expect the QNT/USD to float above $300 psychological mak.

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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