![Quant [QNT] investors may need to consider this before going long](https://i.headtopics.com/images/2022/10/30/cryptoamb/quant-qnt-investors-may-need-to-consider-this-befo-quant-qnt-investors-may-need-to-consider-this-befo-1586501887821598722.webp)
Quant's recent reversal chalked out a bullish pattern on its daily chart. On the other hand, the altcoin marked a steep downtrend in its social dominance over the last few days.
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The altcoin noted a substantial decrease in network growth.
After facing bottlenecks near the 200 EMA , QNT bulls pulled off a rally beyond its high liquidity range to find fresher highs. The latest reversal from the trendline resistance confirmed a bullish pennant-like structure on the daily charts. In this case, the buyers must look for a potential retest of the $190-$200 range before a likely revival. An immediate decline below the $162-support and the 50 EMA could invalidate the bullish tendencies.