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Quant (QNT) Price Analysis: Potential Trends and Targets

QUANT QNT DUMPED! What is NEXT?
QUANT QNT DUMPED! What is NEXT?

In a recent video, technical analyst JB discusses the price movements of Quant (QNT) across different timeframes and provides insights into potential future trends and targets.

Technical analysis

The video covers Quant’s price action on various timeframes, including the one-hour, one-day, and one-week charts. JB considers potential price targets, retracements, and patterns for Quant.

Price targets and retracements

On the daily timeframe, JB identifies a potential price target of $120.97, with retracements possible at $98.58 and $82.15. On the weekly timeframe, JB suggests a potential price target of $195, with retracements possible at $146.25 and $115.90.

Oversold and overbought conditions

JB discusses the oversold and overbought conditions on different timeframes, indicating potential market corrections. For example, Quant’s daily RSI is currently oversold, suggesting a potential relief rally. However, the weekly RSI is overbought, suggesting a potential correction in the coming weeks.

Relief rally and further downside movement

The video mentions the possibility of a relief rally before further downside movement for Quant. JB suggests that Quant could reach the $120.97 price target before retracing to lower levels.

Accumulation zones and speculative price target

The video also touches on potential accumulation zones and a speculative price target for Quant in a bullish scenario. JB suggests that Quant could accumulate between $82.15 and $98.58 before reaching a speculative price target of $2 in a bullish scenario.

Conclusion

Overall, the technical analysis suggests that Quant may experience a relief rally in the near term before retracing to lower levels. Investors should carefully consider their own risk tolerance and investment goals before making any decisions.

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