Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watch

newsbtcPublished on 2022-11-23Last updated on 2022-11-23

Abstract

QNT's price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.   QNT's price continues to look weak as...

 QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100. 

  •  QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors. 
  • QNT’s price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region.

The price action displayed by Quant (QNT) in previous weeks was not short of a spectacle but has yet to meet those expectations, with the price showing so much price action in recent weeks, rallying to a high of $240. Following the collapse of the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in, leading to the price of many altcoins, including Quant (QNT), battling for survival. The Domino effect of the FTX saga on investors has left the market at a standstill as the market has yet to make a major move after previous weeks saw the price of QNT struggling to hold above $100. (Data from Binance)
Quant (QNT) Price Analysis On The Weekly Chart
The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline.
The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases leading to more sell orders than buy orders as the price of QNT is left on balance. 
FTX and Genesis’s news have hugely impacted the price of altcoins, including QNT, which has escalated the price to a region of $100 as the price bounced off this region to reclaim $107, just a few prices above key support of $100. 
After the price of QNT closed below the weekly high of $150, there are high chances of the market going lower, with the prices of QNT looking weak. 
Weekly resistance for the price of QNT – $150.

Weekly support for the price of QNT – $100.
Price Analysis Of QNT On The Daily (1D) Chart

Daily QNT Price Chart | Source: QNTUSDT On Tradingview.com The price of QNT remains considerably strong in the daily timeframe as the price trades above $100 support after bouncing off from the region of $91. 
The price of QNT trades at $107; the price needs to hold strong above this region for the price to rally to a high of $120, where it would face resistance to trend higher. If the price of QNT breaks below $100, we could see more sell-off.

Daily resistance for the QNT price – $130.
Daily support for the QNT price – $100.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
brev
BrevisBREV
zrx
ZRX（0X）ZRX
cake
PancakeSwapCAKE
jst
JUSTJST
band
Band ProtocolBAND

Related Reads

Base Launches 'Human Verification', Is the Airdrop on the Agenda?

Base has launched "Base Verify Onchain," a new verification mechanism aimed at solving the problem of Sybil attacks and duplicate participation in on-chain activities like airdrops, rewards, voting, or minting. While blockchains can track wallet addresses, they cannot determine if multiple wallets belong to the same person. The system works by connecting off-chain identity verification with on-chain smart contract rules. Developers can set specific eligibility criteria in their contracts (e.g., requiring a verified X account or a Coinbase One membership). Users connect their wallet and sign a message, which is sent to Base Verify's off-chain service. This service checks if the user meets the pre-set conditions against verified credentials. If they do, it issues a short-lived cryptographic proof containing an identityHash. The application then submits this proof to the smart contract. The contract verifies the proof's validity, checks expiration, and crucially, uses the identityHash to ensure the same verified identity cannot participate more than once, even if using a different wallet address. This identityHash is unique per application contract, preventing cross-application tracking. Base Verify Onchain is positioned as a tool for reliably enforcing participation rules ("who" and "how many times") in specific on-chain scenarios. It is not a general identity system or KYC solution. Its announcement has sparked speculation about a potential future Base token airdrop, for which this tool could be used to prevent abuse. However, Base has previously stated that work on a network token is still in early exploration stages.

marsbit17m ago

Base Launches 'Human Verification', Is the Airdrop on the Agenda?

marsbit17m ago

Insider's Teleprompter: How a White House Staffer Made $100,000 on Trump's Words

Gabriel Perez, a White House employee who operated the teleprompter for U.S. President Donald Trump during public speeches, has left federal government service. This follows allegations that he used non-public information about the content and timing of Trump's speeches to place bets on the prediction market platform Kalshi, earning over $100,000. Suspicious activity, showing a deviation from typical user behavior, was detected by Kalshi's own monitoring service and reported to the U.S. Commodity Futures Trading Commission (CFTC). Kalshi's rules explicitly prohibit trading based on information gained from one's job or position. While the White House confirmed Perez's departure, it did not specify if he resigned or was fired, nor did it comment on potential investigations. This case marks a high-profile instance of alleged insider trading on a prediction market, raising questions about the industry's ability to prevent such incidents and the efficacy of oversight methods that rely on detecting statistical anomalies in user behavior.

cryptonews.ru26m ago

Insider's Teleprompter: How a White House Staffer Made $100,000 on Trump's Words

cryptonews.ru26m ago

Ten European Banks Unite in RL1 Blockchain Association

Ten major European financial institutions, including ABN AMRO, Crédit Mutuel, DekaBank, and Standard Chartered's SC Ventures, have launched the Regulated Layer One (RL1) blockchain association. Registered as a European Cooperative Society in Luxembourg, RL1 aims to build a unified, permissioned blockchain infrastructure for regulated markets and tokenized assets like digital money, bonds, and securities lending. The network is based on technology from the German fintech SWIAT, which has processed over €700 million in transactions. Governance is shared equally among members. Former SWIAT managing director Henning Vollbehr will lead RL1, with talks underway for other institutions like NatWest to join. The initiative seeks to reduce market fragmentation caused by disparate distributed ledgers. However, the current transaction volume on the underlying SWIAT platform—just over 50 deals in three years—highlights the significant technical challenge of scaling the network to handle real interbank trading volumes.

cryptonews.ru26m ago

Ten European Banks Unite in RL1 Blockchain Association

cryptonews.ru26m ago

The Former CEO of Facebook's Stablecoin Project, the Mastermind Behind America's Most Potent Financial Weapon

Stuart Levey, a former U.S. Treasury official, revolutionized the global sanctions game in the mid-2000s. Confronted with ineffective sanctions against Iran, he realized the key was not just government mandates but targeting the financial system directly. His pivotal insight was to persuade major international banks, leveraging threats of massive fines and loss of access to the crucial U.S. dollar clearing system, to voluntarily cut ties with Iranian entities. This approach, turning dollar access into a powerful geopolitical "choke point," proved highly effective in isolating Iran. However, the article argues that overuse of such financial sanctions is now prompting targeted nations and even allies to seek alternatives, including cryptocurrencies and stablecoins, to bypass the U.S.-dominated system. Notably, Levey later became CEO of Facebook's stablecoin project Diem, aiming to ensure digital currencies did not undermine U.S. financial power. The piece frames this as part of a broader push towards "de-dollarization," driven by the very economic warfare tactics Levey helped pioneer.

marsbit32m ago

The Former CEO of Facebook's Stablecoin Project, the Mastermind Behind America's Most Potent Financial Weapon

marsbit32m ago

Hungary repeals crypto checks as first MiCA license is granted

Hungary has repealed its strict national cryptocurrency validation requirement after parliament voted to scrap the rule, which had forced some service providers to halt operations. The move coincides with the National Bank of Hungary granting the country's first license under the EU's Markets in Crypto-Assets (MiCA) regulation to local platform CoinCash. The repealed rule, part of a 2024 law, mandated that a licensed validator verify details like asset origin and customer information for certain crypto conversions before issuing a compliance declaration. This added an extra layer of approval on top of MiCA requirements. Coupled with a shortened MiCA transition deadline, the regulatory environment led platforms like CoinCash to suspend services temporarily. Finance Minister Kármán András stated the previous regulations had disrupted the market but that recovery signs are now visible. With the validation step removed, broader licensing under MiCA remains. CoinCash, having received its MiCA authorization covering services like exchange and custody, plans to gradually resume and expand its offerings.

cointelegraph37m ago

Hungary repeals crypto checks as first MiCA license is granted

cointelegraph37m ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions