Quant (QNT) – Where will it move Now?

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According to coinmarketcap, the total supply of QNT is around 14.6M QNT and the circulating supply is around 12.07M QNT. It holds the 67th rank according to market cap and has a market dominance of about 0.08%.

At the time of writing QNT is being traded at the price of $156.56 with a decrease of almost 16.68% in the last 24 hours. QNT is a really strong token fundamentally. The maximum and minimum today are $194.20 and $146.64 respectively. The daily trading volume has decreased by almost 11.30%. QNT had created its ATH in September 2021 and reached a price of almost $430. The price later dropped down to a price of almost $145. Since then the price has started moving downwards and has been on the same trajectory since then. The past three months have been bearish. In December, we saw a decrease of about 23.53% and in November, it was around 28.81%.

Technical Analysis – Quant (QNT)

If we see the monthly time frame, we can see that the price has very much retraced back to the origin. The gains that we have had to come to the all-time high have been retraced back in the past two months with almost 30% in both months.

Now the price of QNT is at a very critical level. After the price rallied upwards (as can be seen in the chart), the price had created an order block.

QNT - 1D

Soon after the ATH, the price shifted the structure and started to drop down. It tried to break out at many levels. But eventually, it got rejected several times from the trend line. The drop of BTC was the final blow to the price and we saw the price to mitigate the order block that I have talked about before.

Now if the price can hold this level, we can soon expect a shift in the structure and a surge in the price of QNT.

Price Prediction – Quant (QNT)

According to wallet investor QNT is a good investment and is providing a great return. According to them, QNT is supposed to reach the value of $509.29 in a single year and in five years the price is expected to reach a value of $1877. But people who trade are quite optimistic about the price and think that it would reach quite a high value.

 

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