Quant Price Prediction: 2024, 2025, 2030

QNT price prediction: Key highlights

1. Primary support and resistance levels

• $53-$50 can be anticipated as the lowest support range on the weekly chart. 
• Meanwhile, the highest resistance level was observed at $138.

2. Market sentiment

• The market’s bearish stance remains strong in September 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of QNT is projected to exceed $140 in 2028 and $350 in 2035.

Discover essential information on QNT’s future trajectory via an extensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

QNT technical analysis: Investors remain on edge for a breakout

Interoperability among various blockchain networks is a prevalent trend in the current market. QNT’s ability to facilitate cross-chain transactions has made it a prominent contender. This necessitates a closer look at what the future holds for the asset. The Quant price prediction paves the way for this investigation in 2024 and beyond.

The higher time frame (HTF) chart depicted QNT's initial struggle to maintain a valuation over the $100 mark. The initial rejection caused the asset to fall to $84 in late September. 

Nonetheless, Q4 2023 witnessed a surge in optimism in the broader market. Many altcoins recovered, and QNT also followed suit. The bulls' immediate target was re-establishing footing over $100, which materialized by late October.

After stabilizing at this level for almost a month, the buyers rallied to reach the highest yearly resistance at $138 in mid-December. However, a substantial drop in January wiped out these gains as the price returned to $100 by the end of the month.

In February, another bull run was noted, which culminated in the price reaching peak resistance again by the next month. After nearly a month of struggle, a similar pattern repeated.

This price movement led to the formation of a double top. The pattern signaled that the uptrend was losing momentum and may reverse. While $100 repeatedly showed resilience, given the completion of this pattern, this neckline broke in May.

This triggered a series of declines, bleeding the market dry. The conditions worsened due to the broader market crash in June. Consecutive drops drove the asset to $68 by July. The intense selling pressure compromised this level by the end of the month.
 

Consequently, QNT dropped to the lowest yearly support of $59 and has since remained range-bound between this low and the previous resistance. As the analysis concluded, the altcoin was trading at $63.

In case of a bearish breakdown, QNT could find support at $53 or potentially drop further to $50. Consequently, investor accumulation might lead to a price recovery over the short-to-medium term. Additionally, recovery backed by increasing volume could pave the way to reclaim previous gains, leading to a bullish breakout. 

A decisive reversal in the market trend would necessitate reclaiming $100. Healthy buying momentum above this level can lead to a retest of the highest yearly barrier. This level hasn't been breached since February 2023, so overcoming it would require a concerted buyer effort.

Our predictive models expect the downturn to have a lasting impact on the long-term prospects. Future forecasts do not appear optimistic, projecting the average price to go as high as $140 in 2028. This number is expected to increase to more than $350 in 2035.

QNT's 2024 roadmap: Key indicators to watch and trade

• The Moving Average Convergence Divergence (MACD) line moved over the signal line in late October. It crossed above the zero line in mid-December. The signal line followed suit in the new year.
• Between late January and February, the MACD line fell below the signal line but surged past it again, peaking in late March. This peak was not sustainable, and declines followed.
• Consequently, a bearish crossover formed in April, and the MACD and signal line turned negative in early and late May, respectively. At the time of writing, the MACD line stood at -11.4, the signal line at -10.5, and the histogram at -0.9. These values indicated a continued downtrend.
• The Chaikin Money Flow (CMF) remained predominantly below the zero line. It experienced brief positive upticks in late October, between late November and December, and late February. The indicator registered at -0.21 at press time, reflecting strong selling pressure.
• The trading volume recovered slightly in late October, with additional spikes in late 2023. Moreover, it surged from late February. However, this was reversed as the price declined, highlighting investor withdrawal.