Quant consolidates near $65 as bearish momentum persists below key moving averages: weekly outlook

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Quant slips 1.27% over the week

Highlights

QNT trades below key moving averages and faces persistent selling pressure, signaling weak medium- and long-term support.
Momentum indicators confirm an ongoing bearish trend, despite oversold readings on oscillators and high weekly volatility at 10.20%.
QNT is expected to consolidate between $62.00 and $69.50, with downside risk outweighing a low probability of bullish reversal.

Persistent bearish signals as QNT tests oversold technicals this week

On the weekly chart, QNT remains under strong technical pressure, consolidating below all major moving averages. Resistance is concentrated at $70.09 (MA-20), with additional dynamic supply zones at $80.44 and $98.02. Support resides near $62.00, marking the lower boundary of the recent weekly range. Weekly RSI and Stochastic RSI readings point to oversold conditions, while MACD issues a sell signal and the ADX remains neutral — painting a mixed but generally weak momentum environment.

Range-bound outlook expected as weak indicators cap rebound next week

For the next 7 days, QNT is expected to consolidate between the $62.00 support and $69.50 resistance, reflecting its subdued technical posture and the ongoing lack of bullish confirmation from weekly indicators. A break above $69.50 could trigger an attempt to reclaim the MA-20, but this scenario appears unlikely given the current momentum signals. The baseline forecast is for continued range-bound trading, with downside risks prevailing should support at $62.00 fail and the asset targets lower levels near the 52-week low.

Jainam Mehta, market strategist, believes QNT’s inability to regain ground above major moving averages this week highlights sustained bearish control and a lack of recovery momentum. He notes that, despite oscillators registering oversold conditions, the lack of technical buy signals makes any bullish reversal unlikely in the coming week. Mehta sees price action remaining bound between $62.00 and $69.50, with a definitive breakdown below support triggering further downside. "Until we see a close above $69.50 or a meaningful shift in momentum, I remain neutral and focus on risk containment as the bearish backdrop persists."

Earlier, analysts noted that Quant was experiencing persistent bearish momentum and ongoing technical weakness. The latest developments reinforce this outlook, with traders advised to monitor the $62.00 support as a critical level, as a breakdown below it could intensify downside risks in the week ahead.

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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