Quant Price Analysis: QNT Investors Again Above $100 Conceptual Lound Level, is This a Positive Sign?
- Quant Value broke the bearish trend line but again moved sideways.
- The QNT price remains above the 100-EMA and below the 200-EMA on the daily price scale.
- Finally, the bulls pushed the QNT price above the $100 level and turned into immediate support.
Quant Token (QNT) price is in recovery mode on the daily time frame window. Recently, buyers breached the down sloping trendline, which was disrupting the bullish trend since August high at $133.3. This is an important resistance level and buyers may struggle here in the coming trading sessions.
The price action of the QNT token shows a high-low trend on the daily price scale after buyers retreated from the hedge zone (bottom of the chart). Also, buyers breached the bearish trend line last week to maintain the price above the ascending trendline (dotted blue).
The QNT price trend seems to be sideways but finally bulls pushed QNT value above $100 level and turned into an immediate support level. Meanwhile, QNT crypto against the USDT pair is Trading at $105 Mark at press time. Moreover, the QNT token along with the Bitcoin pair is slightly up 1.5% at 0.005481 Satoshis.
Amid higher-lows trend, QNT price moves above the 100 day exponential moving average. Nut for the past several days, QNT Price stays above 100-EMA and below 200-EMA over daily price scale.
RSI Seems Sideways Above halfway
The RSI indicator takes support above the semi-line over the daily time frame, but still it observes little sideways. Besides, the MACD indicator is going to move above the neutral zone, showing little uptrend for QNT.
The Quant token (QNT) value went into the sideways territory after the bullish breakout. The RSI and MACD Indicator shows a slight recovery indication for QNT price. Amid higher-lows trend bulls regain conceptual round level of $100.
Support level – $100 and $80
Resistance level – $150 and $200