Quant Price Analysis: QNT Lost 38% in Ongoing Bear Rally, When will it Start Recovering?

• Quant price has been trading bearish over the daily price chart.
• The crypto asset falters below 20, 50, 100 and 200-dyas Daily Moving Average.
• The pair of QNT/BTC is at 0.002148 BTC with an intraday drop of 4.85%.

Quant Price has been trading with a strong downtrend momentum over the daily chart. The token has been stuck inside a bearish rally since 7th June. As the traditional and most prominent cryptocurrency that is Bitcoin, falters at the lowest level at $20000 and is struggling to sustain above it. BTC slumps and other altcoins have to pay the price as they also start rallying bearishly as soon as BTC, the biggest market dominator of the cryptocurrency market, starts rallying bearishly. QNT is one of the altcoins who’s falling significantly over the daily price charts. The cryptocurrency bloodbath and blood red candles due the ongoing bear market slaughters the hopes of cryptocurrency investors.

Quant price is presently CMP at 43 and has lost 13.51% of its market capitalization in the last 24-hour period. Trading volume has decreased by 54% in the intraday trading session. This shows that bears are indulging in the trade to pull QNT and maintain it inside a bearish rally. Volume to market cap ratio is 0.07716.

QNT coin price is trying to gain support from buyers as it has been falling through a bearish rally. The token is currently trading with strong downtrend momentum over the chart. However, volume change can be seen under the influence of bears and is showing the dominance of sellers over the chart. Buyers need to accumulate themselves to let QNT escape from the bearish rally.

Technical Indicators Suggest QNT is Oversold

QNT coin price has been falling through a bearish rally and is currently trading with storing downtrend momentum over the daily chart. The token is trying to get support from the bulls and bulls need to come forward to execute the rescue plan for QNT. However, technical indicators suggest that QNT is being oversold at the moment. Moreover, Supertrend showcases the bearish rally of QNT coin. Relative Strength Index forecast QNT inside the oversold territory. RSI is presently at 23 and QNT is heading towards the extreme oversold situation. 

MACD exhibits the downtrend momentum of QNT coin. The MACD line is below the signal line after a negative crossover. QNT investors need to wait for any directional change over the daily price chart.

Conclusion  

Quant Price has been trading with a strong downtrend momentum over the daily chart. The token has been stuck inside a bearish rally since 7th June. As the traditional and most prominent cryptocurrency that is Bitcoin, falters at the lowest level at $20000 and is struggling to sustain above it. However, technical indicators suggest that QNT is being oversold at the moment. Moreover, Supertrend showcases the bearish rally of QNT coin. RSI is presently at 23 and QNT is heading towards the extreme oversold situation. QNT investors need to wait for any directional change over the daily price chart.