Quant Buyers Strive to Press Higher Through $70.000 Market Level

Quant Price Analysis – April 15

Quant is currently facing a critical juncture as buyers attempt to push through the $70.000 market level. While the bulls have made some progress, their confidence remains somewhat reserved. This is due to the persistent bearish strength observed in recent months.

QNTUSD Key Levels

Support Levels: $62.000 $60.000
Resistance Levels: $70.000, $75.000

QNTUSD Long Term Trend: Bearish (Daily chart)

In the past few days, buyers have shown a strong determination to recover upward, successfully shaking off sellers around the $62.000 market zone. However, this upward momentum has been short-lived. It reflect the ongoing struggle between buyers and sellers in the current market phase. The bears have capitalized on previous bullish attempts, having breached the $100.000 market zone. This has made it challenging for buyers to regain control and make a significant comeback.

The Stochastic Oscillator indicates a potential for upward movement, signaling that buyers are striving to break through resistance. However, the mixed sentiment in the market reflects the ongoing battle, with bearish pressures still present. The Bollinger Band indicator has shown volatility, indicating that while buyers are attempting to push higher, sellers still have the opportunity to drive prices lower. This creates an environment where the bulls must work hard to maintain their momentum and aim for a breach through the $70.000 market zone.

QNTUSD Short-Term Trend: Bearish (4-hour chart)

The outlook for Quant suggests that while buyers are striving to press higher, they face significant challenges in overcoming the bearish sentiment. The $70.000 resistance level remains a key target for bulls, who must demonstrate strength and resilience to break through.

Traders should closely monitor the Stochastic Oscillator and Bollinger Band behavior for signs of potential price movements. If buyers can solidify their position and push past the $70.000 level, it could signal a shift in market dynamics favoring the bulls.

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