Home CryptocurrencyAnalysis Quant (QNT) struggles above key $100 support; Here are the levels to watch

Quant (QNT) struggles above key $100 support; Here are the levels to watch

by SuperiorInvest
  • QNT price remains strong as the bull refuses to give up on the FTX fiasco as price trends above $100.
  • The price of QNT continues to look weak as bearish sentiment builds, with things looking uncertain for most traders and investors.
  • QNT price looks weak and continues to trade below the daily 50 Exponential moving average (EMA) as the bulls try to reclaim the region.

The price action shown by Quant (QNT) in the previous weeks has not been spectacular, but it has yet to meet those expectations, with the price showing so much price action in recent weeks, climbing to a high of $240. After the collapse of the FTX effect affecting small crypto projects like Genesis, the market still looks weak day by day, which means that the bottom is not yet, which leads to the price of many altcoins, including Quant (QNT), struggling for survival. The domino effect of the FTX saga on investors has stalled the market as the market has yet to make a major move after the QNT price struggled to hold above $100 in the previous weeks. (Data from Binance)

quantitative (QNT) price analysis on a weekly chart

The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support and preventing the price from falling.

The current uncertainty surrounding the market has resulted in a reluctance on the part of traders and investors to make purchases of altcoins, leading to more sell orders than buy orders as the price of QNT is left in balance.

The FTX and Genesis news has a huge impact on the price of altcoins, including QNT, which pushed the price to the $100 region, when the price bounced back from that region and regained $107, just a few prices above the key $100 support.

After the QNT price closed below the weekly high of $150, there is a high chance that the market will go lower, with QNT prices looking weak.

Weekly resistance at QNT price – $150.

Weekly support at the price of QNT – 100 USD.

QNT Price Analysis On Daily (1D) Chart

QNT Daily Price Chart | Source: QNTUSDT On Tradingview.com

The price of QNT remains quite strong on the daily time frame as the price is trading above the $100 support after bouncing off the $91 area.

QNT price is trading at $107; the price needs to remain strong above this region for the price to recover to the $120 high where it would face resistance to the higher trend. If the price of QNT breaks below $100, we could see further selling.

Daily resistance at QNT price – $130.

Daily support at the price of QNT – $100.

Featured Image From NBTC, Charts From Tradingview 

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