QNT Technical Analysis: Rising Trend in Quant Faces $155 Ceiling 

The QNT price action shows a rounding bottom breakout rally struggling to exceed the overhead resistance of $155. Currently, the uptrend accounts for a 20% jump in the last ten days and projects a high possibility of a bullish breakout due to multiple lower price rejection candles. 

Key Points:

Source-Tradingview

QNT Technical Analysis

As noted in our previous QNT Price analysis, the uptrend reversed from the $155 resistance level. However, the lower price rejection in the daily candles avoided a drop in market value below the $148 mark.

Over the last 48 hours, the Quant market price reclaims the bullish momentum, with long-tail candles propelling the trend back to $155. However, the lack of bullish support in the intraday trading volume questions the breakout possibility. 

Additionally, the rising trend influences the bullish crossover between the 100 and 200-day EMA. 

If the buying pressure grows, the Quant market price will exceed the $155 mark and unleash the bullish rally to reach $186. Conversely, if the bulls fail to beat the supply inflow, a reversal will dump the QNT prices to $141. 

Technical Indicator

The RSI indicator shows a sideways trend close to the overbought boundary and reflects a bearish divergence. Moreover, the fast and slow lines struggle to sustain the uptrend and to increase the bullish gap further as the positive histograms decline.   

Therefore, the QNT technical analysis suggests that traders can find a breakout entry opportunity shortly if the demand continues to grow. 

Resistance levels- $155 and $186

Support levels-  $148 and $141