Quant ($QNT) faces further sideways trading or a deeper pullback as the market cools off from the sharp rally to $374 in late September.
In a post on X, analyst Sebastian said $QNT’s jump to $374 was strong and came with high trading volume. Since then, the price has fallen to around $195 but is now ranging around $250, while trading volume has declined.
At the time of the analysis, $QNT was trading at about $256.34, up 1.92% for the day. The price was close to its short-term moving averages: $256.31 for the five-period average and $251.64 for the 10-period average. Its longer-term 30-period average stood at around $224.95.
