Crypto Technical Analysis

Quant(QNT)/USDT Technical Analysis: 06 January 2022

FTX

Quant price since its inception remained very active without consolidating for a long time. However, the current price trend appears to be pretty bearish as the QNT price is forming constant lower highs and lows and flowing through the descending channel. Moreover, the asset is currently testing one of the crucial support levels where-in rebound is quite necessary. Else yet another downtrend could easily drag the price to its initial levels.

Quant(QNT)/USDT Technical Analysis at a Glance

Quant price since the beginning of December was attempting very hard to regain the bullish momentum. But woefully each time it gets rejected and drops hard close to its initial levels. While most of the crypto assets were negatively impacted during Christmas, QNT price remained comparatively less impacted. 

However, the asset underwent a couple of plunges later and is currently presiding over one of the strong support levels. A notable rebound is a need for an hour right now, else the QNT price is feared to revisit its initial levels or levels below $100 too. 

Short Term The price appears to be extremely bearish and despite an attempt to flip the trend, yet the price could go lower.
Mid-Term QNT price halted its downtrend after hitting the lower support levels and attempting for a rebound.
Long-Term The long-term forecast for Quant price is pretty bearish with a huge drop in the volume.

Quant(QNT) Technical Indicators & Pivot Points

Technical Indicators

Technical Indicators Value (1Hr / !d) Action(1Hr/1D)
StochasticS(StochRSI) 91.9 / 0.00 Overbought / Oversold
Bull-Bear Power -6 / -22 Sell / Sell
Ultimate Oscillator 43.8 / 41.6 Sell / Sell
Williams Range  -81.9 / -92.04 Oversold / Oversold

Pivot Points

Pivot Points Short-Term Long-Term
Moving Average(MA) – 50 $177.4  $194.1
Moving Average(MA) – 200 $179 NA
Resistance $182.9 $205
Support $153 $147.7

Summary

The crypto market is undergoing a serious plunge and hence the Quant price also appears to follow a similar trend. Most of the indicators point out not only towards a ‘Sell’ signal but towards a ‘Strong-Sell’ both in the short-term and long-term. The StochRSI has reached its maximum limit in the short term indicating the trend reversal towards the south. While the Ultimate Oscillator and Bull-Bear power are also completely bearish. 

A contrasting trend is witnessed in the long-term too as the StochRSI stands at 0 which is oversold and hence a notable flip may be expected. The other indicators like Oscillator, MACD, Bull-Bear power are extremely bearish. And therefore, even if the flip is fast approaching, yet it may not be that strong to nullify the bearish trend. 

On the other hand, the 50-day & 200-day MA in both short-term & long-term is acting as an immediate resistance level to achieve. The resistance levels in both cases remain elevated, showcasing the possibilities of rallying high if it surpasses the MA levels. Also, the support levels are pretty distinct, hence the possibilities of consolidation remain relatively low. 

Quant(QNT) Technical Analysis for the Week

The QNT price since the beginning of 2022 maintained a decent uptrend to reach levels close to $190. However, it plunged back close to $175 levels and consolidated for a while. Woefully, since the beginning of the early trading hours, the asset fell into a deep bearish well to hit the levels around $156. Currently, the buyers have jumped in to prevent the price to slash below $150. Despite the flip being expected any time from now, yet the bears do not appear to let down their control over the asset.

Source: Tradingview Date: 06-01-2022 Time: 03:50pm

  • Quant price ever since reached its highs above $430 maintained a constant downtrend and shed nearly 63% of its gains in Q4 2021. 
  • The beginning of December 2021 was pretty hopeful of a trend reversal, yet soon after Christmas, the asset again initiated to plunge and head towards the crucial support levels around $150
  • The price is swinging within a huge descending triangle and almost reached the apex where-in a notable change in trend can be expected
  • If in case, if the QNT price fails to hold at these levels and flips, then it may revisit its initial price below $100. 
  • On the contrary, if the asset intends to break through the triangle and surge towards the north, then it may consolidate for another couple of days and leap long to attain initial resistance levels around $190. 
  • The ATH is pretty far and hence, the asset needs to gather extreme bullish momentum and maintain the bullish trend for Q1 2022, constantly. 

Quant Technical Analysis for Today: 06 January 2022

QNT price attempted to end the yearly trade on a bullish note and surged beyond $200, yet the bears dragged the price as low as $170. Since then the price maintained a decent consolidation for the first 5 days of 2022 and began plunging drastically later. Currently, the selling volume is pretty high and hence any buying volume may not help to save from incurring a further loss. No doubt the buyers are jumping in now and then but the minor gains collected are quickly extracted by the bears. 

At press time, the Quant(QNT) price is $162.14 with a huge drop of 11.19% in the past 24 hours. While the trading volume had jumped more than 90%, the sellers have overpowered the platform. The market capitalization also remains depleted by more than 11% yet still records above $1 billion. 

Where & How to buy Quant(QNT)

Quant (QNT) is a popular token and is widely available for trade on most cryptocurrency platforms. However, here in CoinDCX, you get access to a wide range of features other than just being a trading platform. We offer hassle-free trades at affordable prices on our CoinDCX mobile App. 

CoinDCX is about to upgrade the app called CoinDCX Pro and load it with many features like unlimited access to charts, faster order placements, multiple trading pairs with a brand new design. Just download the app on your smartphone and register following very few simple steps. 


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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