- TheQuant price analysis reveals, bears are growing in momentum.
- The price has lowered to $280 today.
- Support level is found at $257.
The Quant price analysis is showing bearish results for the day as the price underwent loss once again. The price has decreased up to $280, causing a reversal in the uptrend that lasted a few days ago. The short-term trending line is going downwards which means that the bears are in the leading position. The price is present quite close to the $257 support which is why the bulls need to take charge of the situation.
QNT/USD 1-day price chart: Bulls are hitting back as the price levels heightened to $280.45
The 1-day Quant price analysis chart is moving in a different direction today after a prolonged period of loss. The QNT/USD price has now joined the $280 level which is quite encouraging for the buyers. There is still a long way to go till the price touches the moving average (MA) value as well which is standing at $333.35. The long bearish spell has been broken as now the price is readily close to the Bollinger bands average which is $328.
The volatility has been closing down which is why the upper Bollinger band value is at $435.2 and the lower Bollinger band value is at $220.22. The Relative Strength Index (RSI) score is going up as well because of the rise in price and is available at the 47.5 level.
Quant price analysis: Price mediates at $280.45 amidst ongoing clashes
The 4-hours Quant price analysis is showing bearish signs as the price has gone down to reach the $280 level. There has been a slight increase in the price during the previous hours yet the price is covering the downward movement at present. The price is just below the moving average value i.e. $292, and a little further than the Bollinger bands average which is at $309.01. The volatility has decreased during this time period as well which is a positive sign.
The upper Bollinger band is now stable at the $361.2 value whereas the lower Bollinger band is situated at the $257 level. The RSI score is going towards decline as well and is at the lower than average position of 38.
The overall trend for the day has been quite towards the neutral side as the technical indicator chart is signaling. There are eight indicators on both the selling and neutral sides while six indicators are residing on the buying side.
The moving averages indicator is predicting the bearish win as there has been a greater selling trend during the past couple of weeks. There are a total number of seven indicators that are found at the selling point, with three at the buying and only one at the neutral point. The Oscillators, on the other hand, are going slightly bullish as there are seven indicators on the neutral level, three on the buying, and one on the selling level.
Quant price analysis conclusion
The 4-hours and the 1-day Quant price analysis is showing the price struggling at the $280.45 level, as the bearish momentum has increased. There has been a constant shift in the trends since the last week, but today the circumstances have favored the bears. If the support at $280 remains intact, chances of recovery may follow in the upcoming days.
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