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• QNT worth holds robust above 50 and 200 EMA on the next timeframe. 
• QNT rallies as worth eyes $160 regardless of the crypto experiencing a massacre throughout the market. 
• The worth faces resistance at $144 within the weekly timeframe. 

Quant (QNT) worth has just lately proven bullish energy towards tether (USDT) as worth traits greater above expectations. The worth of Quant (QNT) has proven its energy regardless of Bitcoin (BTC) pulling most altcoins down after a rally from $19,000 to a area of $20,400, with the worth rejected immediately from that area. (Data from Binance)

Quant (QNT) Shines Despite Bloodbath

Despite the massive decline in worth throughout the crypto market with what appears to be a massacre, the worth of QNT continues to shine above the chart, as many count on this coin to carry out extraordinarily effectively when the market turns into steady. 

The worth of QNT on the excessive and low timeframe continues to pattern with swing highs and lows as the worth eyes a possible $160 reclaim.

Quant (QNT) Price Analysis On The Weekly Chart 

The worth of QNT has just lately bounced from a low of $46 within the weekly timeframe rallying to a excessive of $130 earlier than rejecting to a area of $87, the place the worth has fashioned good help for worth sell-off on the weekly timeframe.

QNT worth moved from that area breaking greater to $140, the place the worth is presently dealing with resistance to breaking greater to a area of $150-$160.

The worth of QNT wants to interrupt the $140 resistance with good quantity for the worth to have a chance to pattern to the next area; if the worth of QNT is rejected, we might count on the worth to retest the help space of $87 the place demand for the worth of QNT has been created.

Weekly resistance for the worth of QNT – $140.

Weekly help for the worth of QNT – $87.

Price Analysis Of QNT On The Daily (1D) Chart

In the each day timeframe, the worth of QNT continued to point out energy as the worth confronted rejection in an try to interrupt $150, with the worth holding robust and persevering with to take care of its bullish construction. 

If the worth of QNT continues to carry above the trendline help it has fashioned on the each day timeframe, we might count on the worth of QNT to interrupt above $150.

The worth of QNT trades at $137 above the 50 Exponential Moving Average (EMA). The 50 EMA acts as a help for QNT worth at $106.

A break and shut under $106 might see the worth of QNT retest decrease areas as this invalidates the bullish setup of $20.

Daily resistance for the QNT worth – $150-$160.

Daily help for the QNT worth – $106.

Featured Image From zipmex, Charts From Tradingview and Coin360