Despite falling 40% from its high, the Quant price ended September at a respectable 40% rise in the four weeks. However, Quant (QNT) has seen a downtrend over the past three weeks, which is expected to continue for now.
Quant was on a tear at the start of last month. In the first five days of September, the QNT token exploded 150% to an all-time high of $ 471.50. Remarkably, $ 250 of that amount came in just one hour. QNT started the 5th trade at $ 212, but by mid-morning it was getting closer to $ 500. However, the sudden spike quickly reversed and the Quant price ended the day 40% higher at $ 319. However, lower buying took Quant back to $ 433 on the 11th, where the rally ran out of steam. Since then, Quant has followed the overall market down in a choppy downtrend. As a result, the token is on track for a test of a significant level of support.
QNT Price Prediction
The four-hour chart shows a descending trendline capping QNT at $ 305. Additionally, the 200 day moving average at $ 297 and the 50 day moving average at $ 300 add resistance. As long as Quant is below $ 305, it looks likely to target trend support.
A logical downside target is an uptrend line from August at $ 247. The trend lines up with the September 21 low to create considerable confluence support. On this basis, if QNT approaches $ 250, bearish buyers are likely to emerge, but if QNT falls below $ 247 on the close, a 25% drop to $ 180 is likely. The bearish outlook remains while the downtrend dominates the action. Therefore, if Quant rises above $ 305, the view becomes invalid.
Quantitative price table (4 hours)
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