QNT targets trendline support at $ 250


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)

Quantitative price

For more market information, follow Elliott on Twitter.


Previous Bloomberg launches Inner Quant as an enterprise cloud service
Next Fintech firm upgrade to launch Buy now, pay later

No Comment

Leave a reply

Your email address will not be published.