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Quant Price Forecast: February 4
The Quant price forecast is the market to drop some more towards the $96.90 significant level where we can expect some reactions.
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
Quant is expected to have more downside movement in the coming days as the sellers keep pounding against the market. After a strong rejection at $153.50, the price has been plunging beyond key levels with little resistance from the buying base. Now that the coin has also fallen below the $107.40 significant level, it is now up to the buyers to try to use another major support level at $96.90 to stop the dip.
Quant Price Forecast: QNT/USD Outlook
The Quant market is poised for further downside movement in the upcoming days, as persistent selling pressure continues to weigh on its performance.
Following a robust rejection at $153.50, the price has breached crucial levels with minimal support from buyers, notably slipping below the significant $107.40 threshold.
The current challenge lies in the hands of buyers, who must utilize the $96.90 major support level to stem the downward trend. The Moving Average (MA) period 20 is exerting downward pressure on candlesticks, indicating a sustained bearish trend.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Stochastic Oscillator lines on the daily timeframe oscillate in and out of the oversold region, underscoring the prevailing bearish sentiment in the market. Examining the 4-hour timeframe reveals an unstable market trajectory. While the market continues its descent, the Stochastic Oscillator lines exhibit considerable fluctuations across the spectrum, spanning both overbought and oversold conditions.
Simultaneously, the 4-hour candlesticks oscillate around the MA period 20, mirroring the descending price. The critical juncture for potential support lies at $96.90. In this challenging market environment, crypto signals become crucial for informed decision-making, providing valuable insights to navigate the dynamic fluctuations and make strategic moves.
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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