QUANT Price Analysis: Dip is Fascinating the QNT Bulls

  • Following a period of negative domination, the QNT price is currently trending upwards over the daily price chart, trailing BTC.
  • The technical indicators are calling a bullish movement further.
  • The QNT/BTC pair is at 0.003387 BTC which is at a gain of 2.28%.

The QNT price after facing a bearish dominance is now moving at an uptrend movement following the leader BTC over the daily price chart. The BTC price again surged over the mark of 23K which gave the bulls a free hand and now we can observe an accumulation of bulls over the whole market.

This accumulation of bulls made the price surge near about 29% in just 3 days which is a sign of relief for the investors. Although the recovery is improving, more buyers are still needed to make the recovery efforts worthwhile. The trading volume is at a gain of 16% which is a good support for the price. Over the last 24 hrs, the coin was at a lower low of 91.98 USD and gained a considerable volume showing off the bulls efforts.

The current price for one QNT token is trading at $102.03 which is at a gain of 9.24% in its market capitalization in the 24 hrs. The coin has a trading volume of 92 million which is at a gain of 16.50% over the intraday trading session and has a market cap of 1.2 billion. The volume market cap ratio is 0.07482.

How Technical Indicators Predict QNT?

We can observe that multiple EMAs is calling for this bullish movement for a long time after a positive cross over the daily price chart, but this bearish dominance was interrupting the process. But now the BTC dominance made the price climb again.

The MACD indicator shows still the seller’s line is moving above the MACD line but the gap between them is decreasing as the buyers are supporting the price effectively along with the red histograms shrinking. The relative strength index took a U-turn and is now ready to approach the overbought. The RSI value is above 60 currently.


Conclusion

The QNT price after facing a bearish dominance is now moving at an uptrend movement following the leader BTC over the daily price chart. Although the recovery is improving, more buyers are still needed to make the recovery efforts worthwhile. The technical indicators support a bullish movement over the daily and hourly price chart. This shows the investors found the last dip interesting and participated actively in buying.

Technical levels

Resistance levels: $115.15 and $120

Support levels: $97.8 and $91.2

Disclaimer 

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