Quant Price Bounces Back as Buyers Tighten Their Grip

QNTUSD Price Analysis – April 22

Quant has begun to show signs of recovery, bouncing back from the significant level of $60.000. Buyers, who previously lost confidence, are now re-entering the market and starting to regain their footing. The critical question now is how far they are willing to push against the prevailing selling pressure.

QNTUSD Key Levels

Support Level: $60.000
Resistance Level: $100.000

QNTUSD Long Term Trend: Bullish Daily Chart

This year has seen substantial selling pressure that has kept Quant’s price subdued, with the token having fallen below the $120.000 key zone. Here we see buyers struggled to maintain momentum. However, this month has marked a shift, as market volatility has lessened and buyers are starting to rise, indicating a potential turnaround. The Momentum indicator reflects a growing bullish sentiment, suggesting that buyers are starting to gain traction.

The Parabolic SAR (Stop and Reverse) indicator is currently signaling a bullish trend, reinforcing the notion that buyers are positioning themselves for a more significant push. The Stochastic Oscillator is also showing that buyers are gradually gaining impulse, with momentum building for a potential upward movement. If this bullish intensity continues to strengthen, it could propel Quant’s price towards the $100.000 key level.

QNTUSD Medium-Term Trend: Bullish (Daily Chart)

The outlook for Quant suggests that buyers are gaining confidence and are on the cusp of a more substantial upward movement. If they can successfully maintain their current momentum and push through the resistance, Quant could see significant gains.

Traders should watch for continued strength in the Momentum indicator and the positive readings from the Stochastic Oscillator. If buyers can solidify their position, they may well target the $100.000 key level in the near future.

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