Quant (QNT) was trading around the $70 level on Tuesday, holding onto the nearly 6% gain recorded in the previous session. The rebound suggests that selling pressure has begun to ease after an extended corrective phase. However, from a structural perspective, the short- to medium-term trend has yet to fully improve, as price action remains capped below key moving averages.
At present, QNT continues to trade below the 50-day Exponential Moving Average (EMA 50), located near $73.90, while the EMA 50 itself remains well below the 200-day EMA at $84.62. This configuration reflects a bearish market structure, indicating that sellers still retain broader control despite the recent bounce.
Momentum Indicators Hint at Early Stabilization
Although trend conditions remain weak, momentum indicators are beginning to show early signs of stabilization:
RSI (14) has recovered to around 48, rebounding from oversold territory. This move suggests that downside momentum is fading, even though bullish strength has not yet been confirmed.
MACD continues to narrow the gap with its signal line, increasing the probability of a potential bullish crossover in the near term. While MACD remains below the zero line, the improving slope indicates that bearish momentum is gradually losing dominance.
Together, these signals point to a relief-driven recovery, rather than a confirmed trend reversal.
Key Levels to Monitor
From a technical standpoint, several levels stand out as critical decision points:
Immediate Resistance:
The EMA 50 at $73.90 acts as the first major hurdle. A confirmed daily close above this level would improve short-term structure and potentially attract momentum-based buyers.
Upside Target:
If QNT successfully reclaims the EMA 50, price could extend higher toward the EMA 200 near $84.62, a level that would represent a more meaningful shift in market sentiment.
Key Support:
On the downside, the November 4 low around $68.45 serves as an important support zone. A breakdown below this level could invalidate the current rebound.
Deeper Downside Risk:
If bearish pressure re-emerges, QNT may revisit the psychological $60 support, which represents the next major demand area.
Long-Term Trade Scenarios (Technical Reference Only)
Bullish Recovery Scenario (Conditional):
Buy Entry: On confirmed daily close above $73.90 (EMA 50)
Take Profit (TP): $84.60 (EMA 200)
Extended TP: $95.00 if momentum strengthens
Stop Loss (SL): Below $68.45
Bearish Continuation / Risk Scenario:
Sell Bias: If price loses $68.45 support
Take Profit (TP): $60.00
Extended TP: $55.00
Invalidation: Daily close back above $73.90
These scenarios are provided strictly as technical reference frameworks, not as market predictions or investment recommendations.
Market Outlook
While Quantโs recent rebound reflects cooling selling pressure, the broader trend remains cautious as long as price stays below major moving averages. A sustained reclaim of the EMA 50 โ followed by a test of the EMA 200 โ would be required to shift the outlook toward a more constructive recovery. Until then, the current move should be viewed as corrective, with risk management remaining essential.
Disclaimer:
This article is for informational and educational purposes only and represents personal market analysis. It does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own independent research before making any trading decisions. The author assumes no responsibility for any losses incurred from the use of this information.
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