Quant Price Prediction: QNT Surges 9% As The Crypto All-Stars ICO Zooms Past $1 Million In 3 Weeks

Quant Price Prediction: Bullish Momentum Set to Continue

The Quant (QNT) price has exhibited a significant 9% surge in the past 24 hours, currently trading at $70.49. This rise in price is accompanied by a 69% decrease in trading volume, which fell to 56 million.

Technical Analysis Supports Bullish Trend

The QNT price action indicates a bullish trend. The $57 support level has acted as a springboard for upward movement. The asset is now trading above both 50-day and 200-day Simple Moving Averages (SMAs).

Golden Cross Confirmation

The 50-day SMA has recently crossed above the 200-day SMA, forming a golden cross. This pattern is often interpreted as a strong bullish signal, suggesting a potential continuation of the uptrend.

Indicators Show Positive Sentiment

The Relative Strength Index (RSI) is above the 70-overbought threshold, indicating significant buying pressure. The Moving Average Convergence Divergence (MACD) indicator is also in positive territory, reinforcing the bullish outlook.

Potential Resistance and Support Levels

If the positive momentum persists, QNT could test the next resistance level at $72. However, if the bears gain control, the price may drop towards $68, which will act as the immediate support level.

Disclaimer: This article is based solely on technical analysis and market sentiment. It should not be taken as financial advice.