The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n