The QNT Technical Analysis shows a bullish breakout rally struggling to overcome the selling pressure at $155 resistance, teasing a trend reversal. The QNT price action shows the high-momentum uptrend taking a break at the $1155 resistance level due to increased selling pressure. In addition, the price action displays higher price rejection in two daily candles with bearish follow-through. Will this growing bearish influence crash the Quant market price? Key Points: The Quant price action shows an increase in supply at $155, knocking down the bull cycle. The early bull cycle in the stochastic RSI indicator keeps the hopes high for an uptrend continuation. The intraday trading volume in Quant is $118 million. Source – TradingView QNT Technical Analysis The QNT price action exhibits a rounding-bottom breakout rally gaining bullish momentum after retesting the broken neckline at $133. Moreover, as we mentioned in our previous analysis, the prices jump 16% to the overhead resistance of $155 within days. The Quant market price currently takes a bearish turnaround from the overhead resistance of $155. The present daily candle shows a 2.20% drop in market value, with long-wick formation reflecting a higher price rejection. If the selling pressure grows over the week, the Quant market price will drop to the bottom support level at $133. However, traders hoping to capture the downfall must wait for a solid bearish closing today. Optimi...
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