- Quant (QNT) price drops 10%, showcasing bearish momentum.
- Technical indicators suggest a potential rally; market cap at $1.21 billion, daily trading volume down 37%.
Quant (QNT) price has dropped 10% in the last 24 hours taking rejection from the $112.00 resistance level. QNT price is at a do or die situation, if the price sustains at the current level investors might witness a fresh rally in the upcoming days. However, if the price falls it will drop to its previous support level of $85.40.
As per the Trading View data, Quant crypto price has been in a consolidation phase for the last 70 days. In the last 3 months, the price surged by only 5.29%, and over the last month, it was down by 1.59%. The data demonstrates that the price is range-bound.
According to CoinMarketCap data, at the time of writing Quant crypto price is trading at $101.35 with an intraday drawdown of 10% indicating bearishness. The daily trading volume is down by 37% suggesting bearish momentum and the volume-to-market ratio is 4.47%. Moreover, the market cap is $1.21 billion and the 24-hour trading volume is $53.24 million.
Will QNT Price Break The Consolidation?
Moreover, the RSI and MACD indicators are also in the neutral zone indicating neutrality. However, technicals give a buying signal. The trading view technical summary also supports bulls.
As per the technical summary of the trading view for QNT crypto, out of 26 indicators 3 are on the sell side, 9 are on the neutral side and 14 are on the buying side, suggesting buy signal.
On the weekly time frame, the QNT price looks more bullish. The price is trading above the 50-day EMA level and heading in the upward direction with a strong bullish candle. MACD and RSI are also in the positive zone hinting at bullishness.
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