Quant Price Prediction: 2024, 2025, 2030

QNT price prediction: Key highlights

 

1. Primary support and resistance levels

• $43-$48 can be anticipated as the lowest support range on the weekly chart. 
• Meanwhile, the highest resistance level was observed at $138.

2. Market sentiment

• The market’s bearish stance remains strong, with QNT oversold in August 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of QNT is projected to exceed $500 in 2028 and $3,000 in 2035.

Discover essential information on QNT’s future trajectory via an extensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

 

QNT technical analysis: Market crash signals further declines

 

Interoperability among various blockchain networks is a prevalent trend in the current market. QNT’s ability to facilitate cross-chain transactions has made it a prominent contender. This necessitates a closer look at what the future holds for the asset. The Quant price prediction paves the way for this investigation in 2024 and beyond.

 

The higher time frame (HTF) chart depicted QNT's initial struggle to maintain a valuation over the $100 mark. An increase in selling pressure caused the token to fall below this level in September. 

 

Nonetheless, Q4 2023 witnessed a surge in optimism in the broader market. Many altcoins recovered, and QNT also followed suit. The bulls' immediate target was re-establishing footing over $100, which materialized by late October.

 

After stabilizing at this level for almost a month, the buyers rallied to reach the highest yearly resistance at $138 in mid-December. However, a substantial drop in January wiped out these gains as the price returned to $100 by the end of the month.

 

In February, another bull run was noted, which culminated in the price reaching peak resistance again by the next month. After nearly a month of struggle, a similar pattern repeated.
 

This price movement led to the formation of a double top. The pattern signaled that the uptrend was losing momentum and may reverse. While $100 repeatedly showed resilience, given the completion of this pattern, this neckline broke in May.
 

This triggered a series of declines, bleeding the market dry. The conditions worsened due to the broader market crash in June. Thus, efforts to stabilize at $71 between late June and July succumbed to intense selling pressure. As the analysis concluded, the token was trading at $53, staying close to the lowest yearly support at $50.

 

If the current downturn persists, QNT could find support at $48 or potentially drop further to $43. It's crucial to acknowledge that the recent overselling spree has led to QNT's undervaluation. 

 

Consequently, investor accumulation might lead to a price recovery over the short-to-medium term. Additionally, recovery backed by increasing volume could pave the way to reclaim previous gains. 

 

A decisive reversal in the market trend would necessitate reclaiming $100. Healthy buying momentum above this level can trigger a breakout above $138. This uptrend can likely set $175 and $200 as the following targets. 

 

Our predictive models expect the downturn to be short-term. Future forecasts appear highly optimistic, projecting the average price to go as high as $500 in 2028. This number is expected to increase to more than $3,000 in 2035.

 

QNT's 2024 roadmap: Key indicators to watch and trade

• For most of 2023, the Moving Average Convergence Divergence (MACD) and its signal line remained below the zero line. The latter largely maintained dominance until late October, when the MACD line began to rise. It crossed above the zero line in mid-December. The signal line ascended above zero shortly after in the new year.
• Between late January and February, the MACD line fell below the signal line but surged past it again, peaking in late March. This peak was not sustainable, and declines followed. 
• Consequently, the MACD line dropped below the signal line in April and beneath the zero line later in the month. The signal line followed suit after that in late May. At the time of writing, the MACD line stood at -12.4, the signal line at -9.2, and the histogram at -3.2. These values indicated a continued downtrend.
• The Chaikin Money Flow (CMF) remained predominantly below the zero line. It experienced brief positive upticks in late October, between late November and January, and late February. The indicator registered at -0.30 at press time, reflecting an overwhelming selling pressure.
• The trading volume recovered slightly in late October, with additional spikes in late 2023. Moreover, it surged from late February. However, this was reversed as the price declined, highlighting investor withdrawal.