BTC$42 293.60


ETH$3 232.24


Binance Coin






USD Coin


Quant (QNT): Close to Confirming the Downtrend Reversal

August 2020

Quant (QNT) has surprised a lot of traders on Hotbit and Bittrex, cryptocurrency exchanges that absorb the majority of QNT's trading volume, since it has actually started to move on the upward trajectory right after the price had smashed into the monolith resistance at $1.86 on the infamous Black Thursday.

What's surprising is that many market analysts predicted tough times for altcoins after the coronavirus market crash due to an enormous outflux of money from crypto in general. Plus, the Bitcoin dominance was on the rise thanks to the expectations around the halving event that took place in the middle of May.

The altcoins were supposed to lay pinned to the all-time lows or local lows without even daring to initiate an uptrend. However, QNT managed to defy the pessimists by literally exploding to the upside, and in doing so, breaking two crucial resistance levels at $5 and $7.5 that stood on its way to a new all-time high, which is only about 45% away from Quant's current price that stands at $8.85.

QNT might be $10 short

Quant didn't hesitate to recover after the coronavirus market crash, which seems to have brought an end to the 250-long downtrend after the explosive bull rally in April - June 2019. Moreover, we reckon that the bump off $1.86 has actually reversed the downtrend, and now QNT is setting aim at the psychological resistance level at $10.

QNT's historical chart

What gave us a hint about the possible reversal was the head and shoulders pattern, although it is slightly tilted to the upside, that appeared on the daily time frame. The H&D also served as a breakout pattern as it helped the price to burst out of the confines of resistance at $5 and go straight to $7.6. As of the time of writing, Quant's price is squeezed between the support at $7.6 and resistance at $9. 

Our QNT price prediction is based on the presence of an H&D pattern as well as the bullish outlook on major indicators. Attentive traders should have spotted a bullish divergence on MACD that began to emerge in December 2019 and finalized in the middle of March, right at the time of the supposed downtrend reversal. Also, during the last decisive upswing from $6, all the way to $8.8, MACD made a clear bullish crossover that could last until the indicator reaches level 1 and reverses. The 14-period RSI is as bullish as MACD, although it does have a hidden bearish divergence within it, which gives as the reason to expect that the price will be rejected slightly above $10.

1-day QNT/USDT chart

Therefore, those who went long on QNT at the last retracement should consider taking their profits soon since we expect $10 - $10.1 to be the top of the current upswing. Taking into account that Quant has been making an average retracement of 20% over the present cycle, we predict that QNT will test the resistance at $10 over the next 6 to 8 days of price action. Upon getting rejected, the price will gradually retrace to $7.9. 

Author: Alex Paulson for


Quant Network (QNT): Already in an Uptrend
Quant Network (QNT): Already in an Uptrend

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.6% 55 $42 293.60 -2.46% 1.21% $800 714 255 503 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.2% 67 $3 232.24 -4.11% 5.26% $385 279 069 584 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 55 $472.69 -6.19% 11.02% $78 844 983 841 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000360 -0.01% 0.02% $78 427 810 735 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 75.2% 53 $1.49 6.13% 31.68% $49 909 365 061 ADA 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000202 -0.03% -0.05% $45 478 888 037 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 63.2% 78 $140.83 -6.42% 3.44% $44 241 286 623 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 68.4% 58 $0.756082 -3.37% 2.24% $36 037 225 283 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 68.8% 60 $79.34 -7.36% 10.24% $28 407 443 992 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 72.4% 53 $25.91 -7.98% 8.72% $25 586 558 863 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 78% 46 $0.168465 -5.67% 15.84% $22 350 420 542 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 66% 76 $87.33 -7.06% 2.85% $21 339 164 184 AVAX 7 days price change
13 Polygon (MATIC) MATIC Polygon predictions 74.4% 55 $2.25 -4.80% 9.82% $16 459 164 446 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 70.4% 59 $0.000029 -6.41% 5.45% $15 767 908 019 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000009 0.08% -0.12% $14 447 326 438 BUSD 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.