The QNT coin price shows a bullish spike as the bears take a breather after the 30% fall last fortnight. Will this spike surpass the resistance trendline? The QNT coin price shows a 10.64% spike with the latest daily candle, resulting in the bullish engulfing candlestick, which undermines last week’s fall of 20%. However, the previous downfall of 30% due to the rejection near the $150 mark still maintains a downtrend influence. Will the recent spike overcome this bearish influence? Key technical points: The QNT coin price sustains above $100. The altcoin price approaches the 50-day EMA. The 24-hour trading volume in the Quant token is $71 Million, indicating a 72% rise. Past Performance of QNT The QNT price maintains a downtrend of 72% from September 2021 after facing a massive supply near the $400 mark. The price action generates a descending trendline that has kept the bullish growth in check resulting in lower highs formation. Currently, the market price of the QNT token is $118, with a 10.42% spike in the last 24 hours. Moreover, the 72% jump in the intraday trading volume showcases a rise in the underlying buying pressure. Source-Tradingview QNT Technical Analysis After forming a bottom near $90, the QNT coin price has been on a rally of 60% approaching $150. However, the failure to surpass the resistance trendline brings the prices closer to $100. The crucial 50, 100, and 200-day EMAs maintain a bearish alignment in the ...
