The price of the cryptocurrency Quant (QNT) is showing signs of growth after a recent correction. Let's look at the current trends and forecasts for this cryptocurrency.
Current QNT Price and Growth Signals
The price of QNT has increased by 7% in the last 24 hours, indicating buyer presence. Currently, the price stands at $105.
Technical Analysis and Support
The recent breakout of QNT above two major exponential moving averages indicates a bullish trend. The breakout above the 50-day EMA at $100.42 and the 200-day EMA at $92.70 signifies a trend change.
Forecasts and Expectations for QNT
Support levels are set at $100 and $92.70, expected to cushion any short-term pullbacks. The nearest resistance is at $124.82, a successful breakout of which would be key for further growth.
The technical conditions and active buying patterns create a positive outlook for QNT. Investors are anticipating that the price will hold above key support levels, which will set a favorable stage for further growth.
