Quant Bulls Regain Momentum at $179.2, Further Gains likely?
According to the analysis of technical indicators, Quant seems to be in a strong upward trend, showing obvious friction resistance at the leading level. In the past month, the price of altcoin has risen steadily and the progress is impressive. Quant continuously raised the resistance level of $175, $178 and $179, and the transaction price was $178.91.
The Fiboracci retracement level also shows that QNT has room for further improvement, and the next important resistance level is $200. In addition, the convergence divergence between the relative intensity index and the moving average method shows that Quant has a bullish development trend.
The moving average system used to consider the short-term and trend further strengthened the upward trend, with the 50 day moving average higher than the 200 day moving average. In addition, the daily moving average of the index value, especially the 10 day average and the 20 day average, has already crossed, showing a bullish development trend.
The correct weekly chart of QNT/USD shows that the RSI value is higher than 60, and the MACD line is higher than the power line, indicating a relatively stable upward trend. The MACD line is also offset, indicating that the working pressure of purchasing has increased.
From the extremely important friction resistance and support level, Quant seems to have room for further improvement in a short time. The correct important resistance level of QNT/USD is currently $180.0, and the timely support line is $175.42.
In the long run, Quant, with its technology of Overloader and its partnership with Oracle and other enterprises, has the potential to be proactive. This, together with the strong hot plate, may cause QNT to rise further in the near future.
Among the 28 performance indicators, 27 new projects began to send buying signals to Quant. The performance indicators on the 4-hour chart also support the bullish development trend, with RSI higher than 50 and MACD line higher than the power line.
On the daily chart, the bullish cross of MACD may cause the support line falling to $166 and $159. The RSI line in the k-line chart of the stock market is 58 at this stage, indicating that the currency is close to the overbought level and investors should be cautious. However, an increase of $180 may cause Quant to rise further in a short time.
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