QNT/USD Bulls Struggle as Price Nears Support

QNT/USD Price Analysis – June 19

The QNT/USD price shows bulls trying to hold their ground as the price drops toward the $91.01 support level. Sellers have been pushing hard, causing a 3.13% dip, but buyers might step in soon to turn things around.

QNT/USD Key Levels

Support Levels: $91.00, $80.00
Resistance Levels: $110.50, $123.60

QNT/USD Long-Term Trend: Bearish (Daily Chart)

Looking at the big picture on the daily chart, Quant’s price has been sliding after hitting a high around $123.60 key zone earlier this year. It’s now hovering near $106.56, with a key support level at $91.01 where buyers might jump in to stop the fall. If that doesn’t hold, the next stop could be $80.00 key area. On the upside, sellers are blocking the way at $110.56, with a bigger wall at $123.60 market level. The sellers have been in charge lately, pushing the price down with red candles showing their strength. But the bulls are starting to show up around $91.00, buying to keep it from dropping more. This level has acted like a safety net before, so it might attract more buyers.

Big traders might be selling off the higher prices, while smaller investors are eyeing the dip as a chance to buy. Momentum indicator suggest the downward push is slowing, which could mean a shift is coming. Right now, it’s a tough fight. The sellers have been winning, dropping the price by 1.35% daily as of June 16, closing at $106.56lp. But they’re running out of steam as the price nears $91.01, where bulls are ready to catch it. The buyers are soaking up the pressure, hinting they might take over if the support holds.

QNT/USD Short-Term Trend: Bearish (4-Hour Chart)

Zooming into the 4-hour chart, the price is sliding from a high near $113.47 toward $91.00 The bulls tried to hold around $103.00, but sellers took over, pushing it down with red candles. It’s now teetering close to that $91.01 support.

The sellers are in control short-term, but the bulls are gathering strength around $91.01, buying dips to stop the fall. The Bollinger Bands shows the price hitting the lower band, which often means it’s oversold and could bounce.

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