Quant (QNT) has surged 24.14% over the past week, reaching a key resistance zone after a 4.91% rise in the last 24 hours. Despite its impressive performance, QNT remains in a long-term bearish trend, with significant resistance levels at $88, $105, and $135. The altcoin has shown strength by rebounding from a demand zone between $55 and $60, but technical indicators suggest a cautious outlook.
On the weekly chart, QNT's structure remains bearish, with the On-Balance Volume (OBV) not trending higher and the Relative Strength Index (RSI) below the neutral 50 level. The altcoin is currently trading within a critical range, with a daily close above $88 signaling potential bullish continuation, while a rejection from $80 and a drop below $75 could indicate a renewed bearish trend.
Quant (QNT) Faces Key Resistance After 24% Weekly Surge
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