Quant (QNT) is trading in a bearish trend and its price has fallen below the moving average lines. The altcoin's correction three times above the moving average lines was not successful, while it is currently priced at $124. To resume its uptrend, QNT needs to break the resistance level at $130 and the moving average lines. However, the crypto could dip further to hit its previous low of $106, if it falls below the moving average lines. According to a Relative Strength Index of 14, the altcoin is in a bearish trend zone and is at level 48. Additionally, the daily stochastic value of 25 holds the key to the crypto's next move as bullish momentum slows due to Doji candlesticks.

To identify the key supply and demand zones for Quant, we can turn to the chart. $140, $150, and $160 serve as the key supply zones, while $120, $110, and $100 are the key demand zones. In order for QNT to keep its current uptrend, it must surpass the $128.00 resistance level and move above the 21-day line SMA on the 4-hour chart. Doing this will cause the altcoin to reach a new high of $130, and could reach higher highs if the market allows it. However, caution is advised as the market can quickly become overbought.



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