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Quant Price Forecast: January 28
The Quant price forecast is for the market to drop to lower levels due to the prevailing influence of the sellers after the rejection at $153.50.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $117.60, $131.00, $142.10
Zones of Demand: $87.60, $96.90, $107.40
Bears are currently in charge of the Quant market and are looking to push the price even lower. The switch of the dominance was confirmed at the $153.50 resistance level. The inability of the coin to get beyond this level immediately set the bears in motion to take advantage of the weakened buyers. The market has since fallen back to where it started the rally at $107.50 and there is a high probability for a drop to $96.90.
Quant Price Forecast: QNT/USD Outlook
Bears currently exert control over the Quant market, with intentions to further drive down the price.
The shift in dominance became evident at the $153.50 resistance level. The coin’s inability to surpass this level triggered a swift response from bears, capitalizing on weakened buyer positions.
Consequently, the market retraced to its initial rally point at $107.50, with a heightened probability of a further decline to $96.90.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the Moving Average period 20 (MA) has formed a downward curve above the candlesticks, mirroring their downward slide. The Average True Range (ATR) indicator reflects a significant decrease, indicating reduced price intensity compared to the earlier ascending trend.
Examining the 4-hour timeframe, the MA period 20 continues its downward trajectory, moving through the candlesticks. The price intermittently trades above and below it, illustrating the bearish trend. The ATR indicator on this shorter timeframe consistently shows a decline. In summary, crypto signals suggest that bears maintain control of the market, and the price is poised to potentially drop to $96.90 in the next move.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
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