This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Cryptocurrency Quant (QNT) Analysis
The cryptocurrency Quant (QNT) has been moving within a range of $91.50 to $105.50 since mid-April, with a brief drop to $93.44 on May 1. Despite this, buyers have prevented further decline, and the current price stands at $97.96.
Market Trends
The 21-day Simple Moving Average (SMA) suggests a potential downtrend, but strong buying pressure at lower prices indicates a solid support level around $91.50. QNT is aiming to surpass the $100 mark, and breaking the 21-day SMA resistance could lead to an uptrend.
Technical Indicators
Technical indicators point to supply zones at $140, $150, and $160, and demand zones at $90, $80, and $70. If the resistance line is breached, it may signal a change in market sentiment.
It’s important to note that the analysis and forecast are the author’s personal opinions and should not be considered as trading recommendations without thorough research.
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