- The Quant price analysis reveals bears are growing in momentum.
- The price has lowered to $261 today.
- The support level is found at $224.
The Quant price analysis is showing bearish results for the day as the price underwent loss once again. The price has decreased up to $261, continuing the downtrend that started during the last week. The short-term trending line is going downwards, which means that the bears are in the leading position. The price is on a continuous decline and has reached the monthly lowest level.
QNT/USD 1-day price chart: Bears are dominating the market
The 1-day Quant price analysis chart is moving in a bearish direction today as well after a prolonged period of loss. The QNT/USD price has now stooped down to the lowest level of the month at $261, which is quite discouraging for the coin. There is quite a gap between the moving average and the price. The moving average (MA) is at the $276 level. The long bearish spell has been continuing as now the price is readily close to the Bollinger bands lower level, which is $259.
The volatility has been mild, which is why the upper Bollinger band value is at $314, and the lower Bollinger band value is at $259. The Relative Strength Index (RSI) score is going down as well because of the decrease in price and is present at index 39.
Quant price analysis: Recent developments and further technical indications
The 4-hours Quant price analysis is showing bearish signs as the price has gone down to reach the $261 level. There has been a continuous decrease in the price during the previous hours, and yet the price is covering the downward movement at present. The price is just below the moving average value, i.e., $264. The volatility has also increased during this time period as the price oscillated wildly 12 hours back.
The upper Bollinger band is now at $280, whereas the lower Bollinger band is situated at the $259 level. The RSI score is going towards decline as well and is at the lower than average position of index 36, quite near the undersold region.
The overall trend for the day has been quite towards the bearish side, as the technical indicator chart is signaling. There are 12 indicators on the selling side and only two on the buying side. However, 10 indicators are residing as neutral.
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 10 indicators that are found at the selling point, with two at the buying and only one at the neutral point. The Oscillators, on the other hand, are also going bearish as there are nine indicators on the neutral level, zero on the buying, and two on the selling level.
Quant price analysis conclusion
The 4-hours and the 1-day Quant price analysis is showing the quant struggling at the $261 level and continues to look for support as the bearish momentum has increased. There has been a constant downtrend since the last week. If the RSI, as seen on the 4-hour chart, continues to travel down and enters the underbought region, that will be another charter for further decline.
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