The Quant Network has pioneered the construction of Overledger DLT gateway — the first enterprise-level DLT gateway in the world. This gateway ensures enterprises achieve interoperability across multiple blockchains, systems, and DLTs. It is a speedy, easy-to-use, and secure ecosystem. QNT is the prime governance token of this ecosystem. The following QNT technical analysis will predict the price trends for the next two days: Past Performance On Jul 22, 2021, QNT opened at $73.43. On Jul 28, 2021, QNT closed at $98.89. Thus, in the past week, the QNT price has increased by roughly 35%. In the last 24 hours, QNT has traded between $93.30-$110.07. https://ift.tt/3icY86c Day-Ahead and Tomorrow Currently, QNT is trading at $108.15. The price has increased from the day’s opening price of $98.89. Thus, the market seems bullish. The MACD and signal lines are turning negative. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is turning bearish. Hence, we can expect the price to start falling. Currently, the RSI indicator is at 39%. It faced rejection at 32% and rose to the current level. Hence, buying pressures are mounting. High buying activity will exert upward pressure on the QNT price. However, the OBV indicator has started falling steadily. Thus, selling volumes are overtaking buying volumes. Hence, the price may start falling. In a nutshell, the RSI indicator has given positive signals, while the MACD and OBV indicators have given negative signals. Thus, we have to wait and watch if the intermittent price pullbacks are a market correction of the beginning of a trend reversal. QNT Technical Analysis Currently, the price is above the first Fibonacci pivot resistance level of $107.16. The price may soon fall below it and further below the Fibonacci pivot point of $100.75. After that, we have to wait and watch if the price continues to fall or starts rising. The price has tested and risen above the 23.6% FIB retracement level of $106.11. It may further break out of the 23.6% FIB extension level of $114.03. If the price retests and falls below these levels by day close, a price downtrend has probably set in. In that case, the price may continue to decrease tomorrow as well.
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