This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The price of Quant (QNT) has been experiencing a downward trend after breaking through the resistance level at $110 multiple times. This weekend’s price analysis suggests a bearish long-term forecast for Quant. The altcoin initially fell below the 21-day SMA and retested the moving average line and resistance at $106 before further decline. The bearish momentum has now reached the 50-day moving average line, and if it is broken, selling pressure is expected to continue. The price of QNT/USD currently stands at $96.88.The QNT/USD pair has fallen within the moving average lines, indicating a recent decline. As a result, the altcoin is expected to fluctuate between the moving average lines until a new trend is established. The moving average lines are sloping upwards, suggesting that the previous trend is still intact.Key supply zones for Quant are identified at $140, $150, and $160, while key demand zones are at $90, $80, and $70.In terms of the next move for Quant, the cryptocurrency has entered a sideways movement after being rejected at the $110 resistance level. It is expected to continue fluctuating for a few more days as it remains trapped between the moving average lines. If the price falls below this range, the decline is likely to resume. Since October 26, the price of Quant has been fluctuating between $96 and $110.It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.