The Quant (QNT) technical analysis shows a bullish reversal from the golden crossover of the 50 and 200-day SMA, teasing an uptrend to the $135 mark.

The QNT price trend shows a bullish turnaround from the 200-day EMA falling below the support trendline, while the 50-day EMA supports the uptrend. Since the weekend, the prices have jumped by 12% resulting in the $106 breakout. But, will this uptrend continue to reach the overhead resistance at $135?
<h3>Key Points:</h3>
<ul>
 	<li>The QNT market price shows a bullish reversal from the 200-day SMA.</li>
 	<li>The MACD indicator projects a potential bullish crossover teasing a trend reversal.</li>
 	<li>With a market cap of $1.33 billion, the intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> of Quant has increased by 8.82% to reach $29.90 million.</li>
</ul>
<img src="https://s3.tradingview.com/snapshots/j/jtXOPRtw.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/jtXOPRtw/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>QNT Technical Analysis</h2>
After displaying a phenomenal bullish trend of 162% between July and mid-August, the QNT prices break below the support trendline. After facing opposition from the $130 mark, and overhead resistance trendline, the prices dropped by 22% to take support at the 200-day EMA.

However, the golden crossover of the 50 and 200-day EMA halts the falling prices resulting in a bullish turnaround. With the increased demand at the supporting 50-day EMA, the market value has recovered by 12% within the last four days.

With the QNT prices sustaining above the $106 level, the possibility of an uptrend to the $133 mark increases. However, an increase in selling pressure might result in a retracement to test the 200-day EMA below the psychological mark of $100.
<h2>Technical Indicators</h2>
The RSI indicator displays a sideways trend near the halfway line after a reversal from the nearly oversold zone. Hence the technical indicator shows an improvement in the underlying bullishness.

Moreover, the fast and slow lines in the MACD indicator show a decline in the bearish gap teasing a bullish reversal. Hence, the technical indicators support the uptrend possibility in the QNT prices.

Resistance Levels: $115 and $135

Support Levels: $100 and $85

QNT Prices Skyrocket With Golden Crossover, Hint At A 20% Jump

The QNT technical analysis shows a bullish reversal from the golden crossover of the 50 and 200-day SMA, teasing an uptrend to the $135 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

QNT Prices Skyrocket With Golden Crossover, Hint At A 20% Jump

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