<em><strong>This QNT Technical Analysis shows that the QNT price exceeds the declining resistance trendline but struggles to display a post-retest reversal. Will buyers succeed in regaining trend control?</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>QNT prices have increased by 6.98% in the last 24 hours.</li>
 	<li>The price action shows a retracement to retest the 100-day SMA breakout.</li>
 	<li>The 24-hour trading volume of Quant is $66 Million, indicating a drop of 26%.</li>
</ul>
<h3>Past Performance of QNT</h3>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/lrc-technical-analysis-declining-breakout-rally-plans-a-reversal" target="_blank" rel="noopener">previous article</a>, the QNT price shows a phenomenal bullish growth in the first week of July and even surpasses the $75 mark. The bullish growth exceeds the 50 and 100-day SMA to reach the $90 resistance level. However, the daily chart displays a retracement to retest the $75 breakout along with the 100-day SMA.

<img src="https://s3.tradingview.com/snapshots/0/05plIq8X.png" alt="TradingView Chart" />

<span style="font-weight: 400">Source- </span><a href="https://www.tradingview.com/x/05plIq8X/"><span style="font-weight: 400">Tradingview</span></a>
<h2>QNT Technical Analysis</h2>
The <a href="https://www.cryptoknowmics.com/news/qnt-technical-analysis-buying-spree-soon-to-cross-100/" target="_blank" rel="noopener">QNT</a> prices regain the bullish alignment with post retest reversal from the 100-day and tease a morning star pattern formation. Hence, with the restarting bullish trend, the likelihood of a price jump to the $100 resistance level increases drastically.

The <a href="https://www.cryptoknowmics.com/news/ada-technical-analysis-ada-set-to-break-lower-lows-overnight/" target="_blank" rel="noopener">MACD indicator</a> shows a bullish growth in the fast and slow lines as they sustain in the positive territory. Furthermore, the RSI indicator shows bullish growth, trying to re-enter the over territory after dipping into the 70% boundary. Hence the momentum indicators maintain a bullish outlook and forecast a price jump to the $100 resistance level.

As for the SMAs, The price jump sustains above the 100day SMA line And prepares a bullish jump to the 200-day SMA accounting for a price jump of 33%.

In a nutshell, the QNT technical analysis forecasts a high likelihood of a bullish trend continuation ready to exceed the psychological mark of $100.
<h2>Upcoming Trend</h2>
If the buyers managed to surpass the overhead resistance at $87, a price jump exceeding the $100 mark to test the 200-day SMA at $107 seems inevitable.

Resistance Levels: $87 and $100

Support Levels: $75 and $60

QNT Technical Analysis: Will Quant Prices Continue To Grow This Week?

With QNT Technical Analysis, we can see that the price exceeds the declining resistance trendline but struggles to display a post-retest reversal.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

QNT Technical Analysis: Will Quant Prices Continue To Grow This Week?

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