<strong><em>The QNT price action shows a post-retest reversal from the $85 mark, struggling to gain momentum within the falling channel. </em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>The QNT prices jumped by 1.90% in the last 24 hours.</li>
 	<li>The bullish reversal retests the $85 mark.</li>
 	<li>The 24-hour trading volume of Quant is $79.32 Million, indicating a drop of 17%.</li>
</ul>
<h2>Past Performance of QNT</h2>
As predicted in our <a href="https://www.cryptoknowmics.com/news/qnt-technical-analysis-will-quant-prices-continue-to-grow-this-week">previous article</a>, the QNT prices grew 30% to jump from the 100-day SMA at $80 to the 200-day SMA at $105. However, the uptrend failed to beach the 200-day SMA resulting in a declining trend forming a falling channel. However, the price action makes a flag pattern, as the 30% jump acts as the flag pole.

<img src="https://s3.tradingview.com/snapshots/f/fVVQrCCd.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/fVVQrCCd/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">QNT Technical Analysis </span></h2>
The lower price rejection in the QNT daily candle teases a potential bullish reversal from the $85 mark with a morning star pattern. The bullish pattern breakout will discharge the constrained trend momentum and result in a high momentum uptrend.

The 100-day SEMA is ready to assist the uptrend in case of a bearish pullback. Additionally, the increasing influence over the 50 and 100-day SMA teases a bullish crossover possibility. The bearish crossover of the MACD and signal lines opposes the possibility of a bullish turnaround. If, however, the MACD indicator regains the positive alignment, traders can expect the uptrend to create a new higher high above $100.

In a nutshell, the technical indicators have an opposing view from the QNT price analysis, which supports the bullish reversal possibility.
<h2><span style="font-weight: normal">Upcoming Trend </span></h2>
A potential bullish breakout of $100 will offer advantageous entry points for buyers that may increase the <a href="https://coincodex.com/crypto/quant-network/" target="_blank" rel="noopener">QNT price</a> by 25% to the $133 mark. Conversely, the fallout of $85 will invalidate the bullish reversal possibility and trigger a decline to $75.

<strong>Resistance Levels:</strong> $106 and $133

<strong>Support Levels:</strong> $87 and $75

QNT Technical Analysis: Will QNT Prices Reclaim $100 Value?

QNT Technical Analysis shows a post-retest reversal from the $85 mark, struggling to gain momentum within the falling channel. 

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 Technical Analysis: Will QNT Prices Reclaim $100 Value?

Top Picks