#Qntusdt Price Analysis: Support and Resistance Key to Next Move
Based on the daily and 4-hour charts for the QNT/USDT pair, several key points have been identified. The daily chart shows the price around $69.70, below the 200-day SMA at $72.0, indicating long-term bearish pressure, with the SMA acting as dynamic resistance. Similarly, the 4-hour chart reflects a bearish short-term trend, with the price also below the 200-period SMA.
Key resistance lies around $78, a level tested several times but not breached, signaling potential for a trend reversal if broken. The significant support zone is between $64 and $66, which has served as a base for price rebounds. Failure to maintain above this level could trigger further declines.
Technical indicators such as the RSI on the daily chart hover around 49.12, near the oversold territory, suggesting a possible reversal if the price hits critical support. The MACD indicator shows a negative histogram on both timeframes, highlighting continued bearish momentum, with the MACD signal line below zero reinforcing this outlook.
QNT/USDT is in a consolidation phase under bearish pressure. Monitoring the resistance at $78 and support at $64-$66 is crucial. A breakout above $78 could indicate a bullish trend shift, while a drop below $64 could strengthen the bearish trend. Traders should be cautious and consider trading volume as a confirmation of price direction.
Disclaimer: The information provided here is for general informational purposes only and does not constitute financial, investment, or trading advice. All trading decisions are the responsibility of the individual, and we are not liable for any losses or damages that may arise from using this information. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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