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Quant Price Forecast: February 26
The Quant price forecast is for the weight of the bears to push the market down to $96.90 and potentially even lower.
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
Bullish and bearish forces are currently upsetting the Quant market. As it stands, the bears weigh very heavily on the market. All these can still be linked to the rejection at the end of last year at $153.50. This effectively put the market in the hands of the sellers. Despite strong efforts at different points, the buyers have not regained the same control over the market. The price may eventually fall back to $96.90 and even lower.
Quant Price Forecast: QNT/USD Outlook
The Quant market finds itself amid a tug-of-war between bullish and bearish forces, with the bears currently exerting significant pressure.
This struggle can be traced back to the rejection experienced at the end of the previous year, specifically at the $153.50 level, placing control firmly in the hands of the sellers.
Despite resilient efforts at various points, buyers have not yet managed to reclaim dominance over the market, raising concerns of a potential decline, possibly revisiting $96.90 and potentially even lower.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily timeframe, a noticeable imbalance is observed, with fewer Parabolic SAR (Stop and Reverse) dots aligning below the candlesticks compared to above them, underscoring the sellers’ influence. This trend is accentuated by the EFI (Elders Force Index) lines, which have dipped into negative territory below the midpoint.
Examining the latest Parabolic SAR dots on the daily chart reveals a prevalence above the candlesticks, further emphasizing the current bearish sentiment. The EFI line, while fluctuating around the zero level, has also registered a negative value in the present scenario. Collectively, crypto signals from both timeframes signal a potential downward movement, possibly heading toward $96.90.
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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