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Quant [QNT] Price Analysis: 05 April

Press Releases Crypto News AMB-Crypto Quant [QNT] Price Analysis: 05 April

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice.

The market structure of QNT has been bearish since February
The $130 level must be reclaimed before longer-term buyers can search for opportunities

As Ethereum [ETH] and Bitcoin [BTC] show bullish sentiment, it’s time to analyze the Quant (QNT/USDT) pair and understand its potential for traders. With a market cap of $1.5 billion, Quant has been hovering around the $125 price level and presented mixed signals despite the bullish sentiment in the market.

Read Quant’s [QNT] Price Prediction 2023-24

It experienced a modest 1.4% increase in the past 24 hours, and Quant faces important resistance at $130 and $160 and crucial support at $105 and $91. This technical analysis will examine various indicators in the one-day timeframe and provide insights into possible trading opportunities.

The market structure favored the bears but the momentum remained neutral

Source: QNT/USDT on TradingView

Relative Strength Index (RSI): The RSI for QNT/USDT stood at 49.7 at press time, indicating a neutral market momentum. This value suggested that neither buying nor selling pressure was dominating the market, and the price could move in either direction.

Bollinger Bands: The Bollinger Bands for QNT/USDT were slowly converging, hinting at a decrease in volatility. This development could signify a period of consolidation or a potential breakout in either direction in the near future.

On-balance Volume (OBV): The OBV for QNT/USDT has been flat since 13 March, suggesting that there was no significant buying or sel

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Author: Akashnath S

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