Will QNT Skip This Declining Streak?

Quant price prediction suggests the slippage of QNT crypto inside an interesting pattern over the daily time frame chart. QNT crypto has been declining since March 2023 through a descending triangle pattern. However, QNT crypto tried to register its breakout from the falling pattern but failed to sustain at the negative sloping line. Meanwhile, buyers need to come forward for the rescue of QNT crypto as it has been in a declining streak over the last four trading sessions. 

Quant price was at $96.58 and has lost 1.34% of its market capitalization intraday. However, trading volume has increased by around 1.87% during the intraday trading session. This suggests that Quant cryptocurrency is trying to gather support at the lower trendline of the descending triangle pattern. Volume to market cap ratio was 0.94%.

Will Quant Price Escape This Pattern?

QNT price prediction indicates an extended period of consolidation within a descending triangle pattern on the daily chart. Nevertheless, the current trading volume remains lower than usual and requires an increase during intraday trading hours. Meanwhile, QNT crypto is trading below 20, 50, 100 and 200-days daily moving averages.

The smaller time frames reveal a noticeable decrease in Quant price. In the past week, it dipped by around 1.61%, while last month, it experienced a decline of about 4.20%. Examining the three-month window, QNT cryptocurrency has sustained a significant drop of approximately 2.55%. 

If we extend the analysis to the past six months, the decline in its value becomes even more pronounced, at approximately 24.88%. The volume is down around 7.36% year to date.

Technical indicators are signaling a decline in the Quant cryptocurrency. Both the relative strength index and moving average convergence divergence indicate the downtrend of QNT crypto.

The current RSI is at 33, indicating a movement towards the oversold territory. Additionally, the MACD line has fallen below the signal line following a negative crossover. For those engaged in Quant cryptocurrency, it’s advisable to be patient and await more favorable circumstances before considering bullish positions.

Summary

Quant price prediction highlights slippage inside an interesting pattern over the daily time frame chart. Nevertheless, the current trading volume remains lower than usual and requires an increase during intraday trading hours. Quant crypto has decreased around 7.36% year to date. Technical indicators are signaling a decline in the Quant cryptocurrency. For those engaged in Quant cryptocurrency, it’s advisable to be patient and await more favorable circumstances before considering bullish positions.

Technical Levels

• Support Levels: $95.65 and $91.75
• Resistance Levels: $98.50 and $101.35

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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