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- QNT shows strong reversal signals after crossing key resistance, with a bullish trend if it stays above $90.
- Holding $90 is crucial for reaching price targets of $138.23 and $180.80; any drop below may cause a pullback.
- RSI at 56.70 and bullish MACD signal positive momentum, suggesting QNT could continue rising if support holds.
The reversal signals from QNT have turned strong after the recent extended accumulation phase, highlighted by Rose Premium Signals in an X post. Cryptocurrency fell into a falling wedge and later managed to cross above important resistance areas. With this development, QNT could be set for a strong upward trend. The positive trend will continue as long as the price stays above $90.
If the price breaks out above the falling wedge, it is a clear indication that the price could rise. Hitting these levels again seems to indicate Quant is preparing to climb higher. If the cryptocurrency stays above $90, the bullish trend will continue to prevail. If it gives up the current level, there might be a pullback. However, continuous support should result in more gains.
QNT Price Targets Ahead
QNT’s first target price is $138.237, a 50% jump above its current price. If the market keeps pushing higher, the next expected level might be $180.80. These targets can only be obtained if the cryptocurrency keeps rising and holds its $90 support level. Any significant decline in the price below $90 might block further progress toward achieving these goals, so traders will be alert to this.
Source: X
The RSI for QNT is 56.70 which indicates that investors are slightly more optimistic about the market. Further upward movement could happen as the RSI reaches the 60 level. A move above 60 would indicate that the sentiment is more bullish. Nevertheless, for the trend and strength of the market to continue, the RSI must stay above 50.
Bullish MACD Momentum
The MACD indicator is also bullish for QNT. Buying pressure is stronger than selling pressure since the MACD line stands at 5.87 and crosses above the signal line. A growing positive MACD histogram suggests that the trend of growing prices is being supported by positive momentum. If the trend remains strong, QNT stands a chance of moving higher, moving towards its forecasted higher prices.
As of prees time, Quant (QNT) is trading at $93.37, and its 24-hour trading volume is $22.95 million. That indicates a decrease of 2.45% in price during the last 24 hours and of 4.62% in price during the past 7 days.
Based on technical indicators and QNT’s performance, a price rise is possible. However, good results will depend on maintaining backing above $90. If QNT maintains this level, it could boost its price, but any setback might result in a temporary reduction.
