QNTUSD Analysis
Quant is a fast-growing blockchain network that is in the enterprise industry. The platform’s goal is to connect all the world’s distributed ledgers to help create fast growth. The developers have already built the Overledger DLT gateway that helps to deliver interoperability across different systems, networks, and DLTs.
The hourly chart shows that the QNT price has been in a major bullish trend in the past few weeks. In fact, this rally could be described as being parabolic. It has moved slightly above the short and longer-term moving averages. It is currently slightly above the 23.6% Fibonacci retracement level.
With volume easing, I suspect that the coin will likely have a major pullback as bears target the key support at $278, which is along the 50% retracement level. On the flip side, a move above $385 will invalidate the bearish view.
The hourly chart shows that the QNT price has been in a major bullish trend in the past few weeks. In fact, this rally could be described as being parabolic. It has moved slightly above the short and longer-term moving averages. It is currently slightly above the 23.6% Fibonacci retracement level.
With volume easing, I suspect that the coin will likely have a major pullback as bears target the key support at $278, which is along the 50% retracement level. On the flip side, a move above $385 will invalidate the bearish view.
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