QNT Technical Analysis: In a Free-Fall, All Best are Off if Support at $150 Breached
Quant’s operating system, Overledger, was designed to act as a gateway for any blockchain-based project to access all other blockchains. It also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum.
More than multiple blockchain interactions, Quant creates different layers for apps to interact at different levels. Quant has different layers for transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.
Let us see the technical analysis of QNT.
Past Performance of QNT
This crypto has seen an interesting movement throughout the year. Rallied upto 125 percent till October 2021 and is now seeing a colossal drop. It has seen a price fall of 12 percent during the last 24 hours and is trading at $152.5 levels. This is a huge shock for someone holding the currency at $250+ by mid-November. The currency seems to be in a free-fall.
QNT Technical Analysis
One of the watched cryptos with negative On-balance Volume at shows how low the interest is in the token.
However, the predictions for the coin hodlers are in still intact -
This is supported by RSI which has dipped to 28 percent levels and is in the oversold region. However, no movement seems to be holding out the free-fall.
The MACD and trend line have fallen below the histogram giving a strong signal of low stability.
Price Trends for the Day-Ahead and Tomorrow
The price is giving STRONG SELL indicators through its oscillators and indicators. This is because the highest prices right now are quite far off from the support levels of $190. This is one of the lowest phases of the token. Traders are counting the support of $145 and if not they will expect it to go beyond any level.