CandleFocus

Quant (QNT) price targets 7% drop after crucial support breakdown

The cryptocurrency Quant (QNT) has attracted both institutional players and retail traders, with the altcoin experiencing a surge of 43% in the previous month. However, QNT has lost 2% in the past week and 1.58% in the past day, with its current price of $74.41 falling below the crucial support level of $75.1. If buyers are unable to reclaim this level, the price could slide to $69, a sharp drop of 7%. Technical indicators suggest near-term selling momentum, but there is interest from whales and confidence from long-term investors. The performance of QNT is likely to follow broader market developments, and maintaining the current outlook will be important to determine its direction.

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