Quant Rally Struggles At $158 Barrier Hint Potential Price Correction

The ongoing recovery in Quant price halts at the monthly resistance of $158. Furthermore, the price action wobbling at this resistance with decreasing volume action hints at exhausted bullish momentum and price reversal. The altcoin currently trades at the $155.9 mark, with an intraday gain of 1.23%. 

Key points: 

• The Quant price struggles to surpass the $158 supply zone
• A potential bullish crossover between the 100-and-200-day EMA should encourage buyers to extend the ongoing bull run
• The intraday trading volume in the Quant is $142 Million, indicating a 290% gain 

Source-Tradingview

The QNT/USD price chart displays a high momentum bullish rally starting from the $86 mark, which reached the overhead resistance of $155. Currently, the price trend shows a rounding bottom breakout rally struggling to overcome the increased supply inflow at $155. 

However, the stubborn buyers waver at this resistance and reattempts for a bullish breakout. The long-wick rejection on either side of daily candles accentuates the ongoing uncertainty in the crypto market.

Furthermore, the decreasing volume activity for the second breakout attempt within a week projects a high reversal possibility. A potential bea