QNT prices action shows a bullish reversal from $50, but the 50-day SMA opposes the recovery rally. Will buyers overpower the opposing SMA? Key technical points: The QNT market price has increased by 6.03% over the past 24 hours. The price action warns of a long wick candle formation today. The 24-hour trading volume of Quant is $36.38 Million, indicating a rise of 9.17%. Past Performance of QNT QNT price action shows an unfavorable failure of the rising trend line that helped exceed that 50-day SMA after a dramatic 40% increase. Retracement from the 50-day SMA lowers the market value by 20% over the last week. However, the buyers plan to rescue the market at $50. Source- Tradingview QNT Technical Analysis The QNT daily candle displays a lengthy form of wick from the opposite SMA and the mark of $60. This suggests the possibility of sellers overtaking the recovery attempt and dropping the market price to under $50. The MACD and the signal lines display an upward trend that reaches the zero line, but the shrinking spreads suggest an upcoming crossover to return to the opposing alignment. Thus, the indicator reveals an underlying decline in bullishness. The RSI indicator indicates the slope is recovering after dropping below the halfway line of the 14-day SMA. Therefore, the indicator adopts an optimistic view compared to the MACD and price analysis. Additionally, the massive bullish divergence on the RSI slope suggests buyers a...
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