Quant (QNT) is currently trading near 88 after bouncing back from its lows at 79, with the potential to target the psychological level of 100. This recovery came after the coin broke the 50-day exponential moving average, reflecting strong upward momentum for the bulls.
The price has seen a rapid increase exceeding 28% since its lowest point in November, indicating the resilience of investors amid market fluctuations. Expectations also suggest that momentum will continue if QNT manages to break the resistance at 93, which could push it towards 100 dollars.
Technical Analysis@Quant
The Relative Strength Index (RSI) is trending towards 57, reflecting increasing buying pressure.
The daily MACD indicator points to a potential bullish crossover, with trading remaining above the 50 EMA.
The upcoming resistance areas are at $107 and $130, while the key long-term levels include the December 2024 high at $165 and the historical resistance near $200.
Thus, QNT combines the strength of technical momentum and institutional support, placing it in a good position to attempt breaking the $100 barrier, unless strong opposing pressure factors emerge in the market.
#TRYHARED @Tryhared $QNT #Quant
