Quant trades at lower range as sideways movement expected within narrow seven-day band: weekly review

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Quant falls 3.46% over the week

Highlights

Quant trades below key moving averages with persistent selling pressure and no major long-term support nearby.
Momentum indicators confirm a dominant bearish bias, with weak trend strength and no buy signals from major oscillators.
For the coming week, QNT is expected to range between $67.80 and $69.90, with greater downside risk if support breaks.

Technical signals weaken over the week as sellers keep control

Weekly technical analysis indicates persistent downward pressure, with the MACD on a strong sell and ADX suggesting trend weakness. The RSI on the weekly chart remains in sell territory, while Stochastic RSI and CCI both register neutral, showing no clear indication of overbought or oversold conditions. Bull/Bear Power reads oversold, suggesting sellers continue to dominate the market. Weekly volatility is measured at 6.04%, with support near recent lows and resistance marked at the MA-20 around $70.93.

Downside bias likely next week amid weak reversal signals

Over the next 7 days, the expected trading range for QNT is $67.80 to $69.90, with the downside bias likely to persist given current weekly momentum readings. The most probable scenario is sideways movement near recent lows, with a breakout above $69.90 needed to trigger a minor relief rally. A move below $67.80 could extend the decline toward the yearly low, as no key indicator currently signals a reversal.

Anton Kharitonov, expert at Traders Union, sees Quant (QNT) locked in a persistent downtrend this week. The asset remains under all major weekly moving averages, pointing to sustained pressure from sellers. Key technical momentum indicators, such as the MACD and RSI, confirm the bearish bias, while volatility remains elevated at 6.04%. He notes that all main indicators fail to show a bullish reversal, with price pinned near the bottom of the weekly range. Kharitonov believes the path of least resistance remains to the downside unless $69.90 is reclaimed. "As long as Quant stays below $69.90, I remain cautious and expect further weakness this week."

Previously it was reported that Quant remained under sustained bearish pressure, with technicals favoring a continued lack of bullish momentum. The latest indicators reinforce this view, suggesting traders should closely monitor downside risk, particularly if support near $67.80 fails to hold in the coming week.

Source of Data: QNT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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