The price of Quant (QNT) despite having a rough start to its price in previous weeks, has shown what to expect as the crypto market goes back to its trending days as price showed some great strength leaving bears in disbelief. The crypto market hasn’t enjoyed the Uptober that many were expecting as the market continues to range despite showing great signs of a rally in the early part of the month. Bitcoin (BTC), Ethereum (ETH), and other crypto assets have remained dormant except for a few exceptional coins like Quant (QNT), which have shown bullish price movement. (Data from Binance)
Quant (QNT) Price Analysis On The Weekly Chart
Weekly QNT Price Chart | Source: QNTUSDT On Tradingview.comMost projects have not fared well in the bear market, as most have seen more than 50% price declines, discouraging most traders and investors from stockpiling these assets.
With Bitcoin’s dominance (BTC.D) rising, this could hurt the price of most crypto assets. A rise of BTC.D above the 45% mark would mean altcoins will decline more with every slight price rejection for BTC, but this hasn’t been the case for QNT as the price continues to rally despite BTC.D rise and BTC continues in its range movement.
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The price of QNT has retraced to a region of $170 as bulls still take control of the price; if the price of QNT holds above its uptrend line, we could see more rallies from QNT.
Weekly resistance for the price of QNT – $220.
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Price Analysis Of QNT On The Daily (1D) Chart
Daily QNT Price Chart | Source: QNTUSDT On Tradingview.comThe daily timeframe for the price of QNT continues to show bullish strength despite the uncertainty in the crypto market, with BTC price trading at its demand zone.
After facing resistance and dropping to $165, the price of QNT still looks strong ahead of a possible rally to $220.
The price of QNT needs to hold above $110 for the price to maintain its bullish momentum; a break below this region will mean bears are in control of QNT prices.
Daily resistance for the QNT price – $220.
Daily support for the QNT price – $110.
Featured Image From zipmex, Charts From Tradingview
