Altcoins such as Midnight (NIGHT), Tezos (XTZ), and Quant (QNT) are standing out as they record significant gains compared to the overall cryptocurrency market in the past 24 hours. However, the recovery momentum formed since Monday is gradually stalling as prices approach key moving averages — important technical resistance zones. Pressure at these levels is restraining upward movement and weakening short-term bullish momentum. From a technical perspective, NIGHT, XTZ, and QNT still face reversal risks, especially given that the overall crypto market has not yet exited a strong sell trend, and cautious sentiment remains dominant.
Midnight’s Breakout is Blocked at the 50-Period EMA
Midnight is fluctuating around $0.0600 at the time of writing on Tuesday, after rising about 10% in the previous session. This recovery has helped the privacy-focused token within the Cardano ecosystem break out of a downtrend channel on the 4-hour chart. However, the upward momentum remains unconvincing as the price continues to encounter resistance at the 50-period EMA at $0.064566. This moving average is still sloping downward and has twice halted attempts to break higher this week.
4-hour NIGHT/USDT chart | Source: TradingViewFrom a momentum standpoint, the 4-hour MACD has crossed above the signal line in the negative zone, moving toward zero; the expanding histogram indicates selling pressure is waning significantly. Meanwhile, RSI has retreated to the neutral level, reflecting short-term buying power cooling off and the market returning to a balanced state.
In a risk scenario, if NIGHT drops below the 20-period EMA at $0.06132, the breakout signal will be invalidated, opening the possibility for the price to retreat toward the S1 Pivot at $0.05106. Conversely, a decisive breakout above the 50-period EMA could trigger further gains, with resistance targets at the R1 Pivot at $0.06772 and the 200-period EMA at $0.07113.
Tezos Signals Downside Risk as Momentum Weakens
Tezos declined 2% at the time of Tuesday’s report, after a 5% increase on Monday. The coin is facing strong resistance from the 200-day EMA at $0.6081, limiting its recovery efforts. However, the 20-day and 50-day EMAs are still trending upward, suggesting potential short- and medium-term recovery.
If XTZ can close above the 200-day EMA, the upward trend could extend toward the R2 Pivot at $0.6618.
Daily XTZ/USDT chart | Source: TradingViewOn the daily chart, the MACD indicator’s MACD line is converging with the red signal line as the histogram narrows, indicating weakening bullish momentum. A bearish crossover and a shift of the histogram into negative territory would confirm a downtrend.
RSI is currently at 58, adjusting downward from overbought levels, indicating buying pressure is gradually diminishing.
In a correction scenario, XTZ could test the 20-day EMA at $0.5706, with deeper support at the R1 Pivot at $0.5471.
Quant’s Recovery Faces Resistance at the 200-Day EMA
Quant (QNT) is currently trading between the 50-day and 200-day EMAs, roughly in the $78–$87 range. At the time of writing, QNT is trading around (Tuesday, up 4% from Monday. However, the presence of long upper shadows on candles this week indicates strong selling pressure at higher price levels.
If QNT cannot sustain above the 50-day EMA at $87, a correction back to the November 4 low of $68 is possible.
![])https://img-cdn.gateio.im/webp-social/moments-640406a7480df1813c480bb6982e0a5c.webp$82 Daily QNT/USDT chart | Source: TradingViewTechnical indicators on the daily timeframe support an uptrend: the MACD and signal lines are rising above zero, with the histogram expanding, showing increasing bullish momentum. RSI is at 57, remaining above neutral, reflecting growing buying strength.
If QNT breaks above the 200-day EMA at $87, the next target could be the R1 Pivot at $92, opening opportunities for a new breakout rally.
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