With the highly influential bearish trendline staying in action, the QNT coin price fails to sustain above the $150 mark, thereby, resulting in a retracement of almost 25% in the last week. Moreover, the trend continues to reach the $100 mark and brings selling opportunities to ride the trend. Key technical points: The QNT coin price breaks below the 200-day EMA and the $25 mark. The DMI indicator indicates a trend reversal with the bearish crossover of the DI lines The 24-hour trading volume in the Quant token is $41.5 Million, indicating a 15% fall. Past Performance of QNT QNT coin price trades at $117.52, with a downfall of 25% in the past week as it faces rejection from the highly influential resistance trendline. Moreover, the recent fall of 9.67% in the past day creates a huge bearish engulfing candlestick. Hence, the reversal in trend is evident by the price action. Source-Tradingview QNT Technical Analysis The recently failed bullish attempt to overcome the long-coming downtrend puts the bears back in action. The sellers dominating the resistance trendline overtake the trend control and indicate a downfall to the $100 mark. The Quant coin prices trade below the crucial EMAs as they maintain a bearish alignment in the daily chart. Moreover, the 50-day average provides dynamic resistance to keep the bullish growth in check. The RSI indicator shows a sales pressure boom as the slope breaks below the 14-day average and the...
