Quant (QNT) is currently in a bearish consolidation phase following a sharp rejection from its 24-hour high of 65.56. The price has dropped below all major moving averages on the 1-hour chart, indicating a loss of momentum and a shift in control toward the sellers.
Current Price: 62.93
Support Zone: 61.70 to 62.40
Target 1 TP: 63.85
Target 2 TP: 65.50
Stop Loss SL: 61.30
Suggestion
The price is currently trending downward, staying below the MA7 and MA25. While 61.71 remains a strong historical support level, QNT needs to reclaim the 63.83 level (MA25) to signal any short-term strength. Use caution as the MA99 at 64.26 is currently sloping downward, which may act as significant overhead resistance on any relief rally.