Altcoin Outlook: Short-term Trends Determined by Technical Resistance

Recently, in the altcoin market, Midnight (NIGHT), Tezos (XTZ), and Quant (QNT) have shown gains exceeding the market average. However, they are facing resistance at key moving average levels, introducing uncertainty into their outlook. Amid overall market weakness, including Bitcoin, how long these coins can sustain their rebound trends will be a crucial factor in future altcoin prospects.

Currently, all three coins are experiencing pressure at technical resistance levels. Short-term rebound attempts are being halted at major moving average zones, signaling important technical cues that will influence their next direction. Looking at individual momentum indicators, some signs of recovery are emerging, but selling pressure at the upper levels remains strong.

Current Altcoin Market Situation: Rebound Attempts Meet Resistance

Recently, the altcoin market has been caught in a standoff between short-term rebounds and technical resistance. The common pattern among these three coins is a slowdown in upward momentum at moving average zones, indicating that caution is necessary when assessing their outlook.

While some momentum indicators show signs of improvement, strong selling pressure at the upper levels is limiting price increases. Especially as the broader market assets like Bitcoin remain weak, individual rebounds of altcoins are likely to face constraints.

Midnight (NIGHT): Volatility Continues Amid Resistance at Moving Averages

NIGHT is currently trading around $0.06 and has faced resistance at the recent 4-hour 50-period moving average (~$0.064), unable to break above it. The 4-hour chart shows an upward breakout from a downtrend channel, but the moving averages are clearly restricting further gains.

Technical indicators show MACD turning upward from negative territory, and RSI is retracing toward the midline. This suggests that short-term buying enthusiasm is quickly fading.

Key Technical Levels:

• Resistance: 50-period moving average at $0.0646, above which the 200-period moving average at $0.0711
• Support: 20-period moving average at $0.0613, below which the pivot point is at $0.0511

If it drops below $0.0613, the channel breakout signal may be invalidated, so caution is advised.

Tezos (XTZ): Breaking Through the 200-Day Moving Average Key?

XTZ is trading around $0.37, with recent rebound attempts facing resistance at the 200-day moving average (~$0.6081), which has slowed its upward momentum. It recently declined by about 2%, giving back part of its previous gains.

However, the 20-day and 50-day moving averages are still in an uptrend, suggesting that short- and medium-term recovery attempts have not been entirely halted.

Technical Signals:

• MACD histogram is shrinking; a further death cross could signal a shift to bearish momentum
• RSI at 58 indicates a pullback from overbought levels, easing buying pressure

A clear breakout above $0.6081 on the daily chart would target the R2 pivot at $0.6618. Conversely, if the correction continues, it could fall toward the 20-day moving average at $0.5706 and further down to the R1 pivot at $0.5471.

Quant (QNT): Momentum Improving Within a Range

QNT is trading at $62.13, seeking direction within the range of $78–$87, between the 50-day and 200-day moving averages. It has maintained a recent 4% gain but faces selling pressure as repeated long upper wicks on candles indicate.

Interestingly, momentum indicators like MACD and RSI are showing signs of improvement. MACD remains above zero with expanding histogram, and RSI is trending upward at 57, suggesting increasing buying pressure.

Short-term Scenarios:

• Break above the upper resistance: surpassing the 200-day moving average at $87 could target the R1 pivot at $92
• Downside risk: failure to hold the 50-day moving average at $87 could lead to a retracement toward the November low at $68

Altcoin Outlook: Balancing Technical Signals and Market Trends

To assess the future of altcoins, both technical resistance levels and the overall market trend must be considered. In the short term, resistance at moving average zones will be a key factor for all three coins.

While improving momentum indicators are positive signs, overcoming strong selling pressure at the upper levels depends on a broader market recovery. The key technical levels outlined for each coin will likely play a decisive role in their upcoming price movements.