Quant (QNT) cryptocurrency has sparked investor interest amid recent price changes. Despite temporary fluctuations, analysts remain confident in its breakout potential.
Key Support and Resistance Levels Analysis
Technical analysis identifies critical levels for QNT price action. A descending trend shows signs of reversal. The first downside target has been reached at $167.50, while the support zone is around $95.
Technical Indicators and Trends
The 20-period SMA is below the current price at $113.22. RSI at 29.29 indicates oversold conditions, potentially prompting buyer return in the short term.
Increased Liquidations and Volatility
Coinglass data shows a high liquidation of long positions, especially on Binance. The spike in liquidations signals market volatility.
Quant (QNT) continues to be of interest to market participants. Despite recent fluctuations, bulls remain confident in achieving levels such as $429 if the uptrend continues.
