QNT Technical Analysis: If This Reversal Fails, QNT Will Hit $75 Bottom

QNT price action shows a bullish reversal rally from the $87 support level, accounting for a jump of 8.5% in the last 48 hours. The QNT prices avoided a drop below the $87 support level, with lower price rejection leading to a bullish reversal of 8.5% within the last 48 hours. Moreover, the technical indicators support the possibility of an uptrend that may exceed the psychological mark of $100. However, the analysis warns of a bearish future if this bullish reversal fails. Key Points: The QNT price action shows a bullish growth of 8.5%. However, the buyers will face opposition at the $112 level if they exceed the $100 mark. The intraday trading volume in Quant is $26.79 million. Source – TradingView QNT Technical Analysis After a downfall of 30% within three weeks, the QNT prices break below the $100 mark to take support at the $87 support level. However, with a lower price rejection in a bullish engulfing candle, the buyer regains trend control and restarts the bull cycle. The bullish reversal accounts for an 8.5% jump within the last 48 hours, projecting a high possibility of an uptrend continuation. However, if the buyers fail to exceed the $106 or $112 resistance level, the technical chart indicates the case of a head and shoulder pattern. With a neckline at $87, the bearish pattern will be complete if the sellers regain train control at dimension resistance levels to bring the prices back to the $87 mark. If the buyers e...