Quant Price Forecast: March 5
The Quant price forecast suggests that an eventual breakout is likely, with the upside being the most probable outcome, despite the market currently being locked in a ding-dong battle.
Quant Long-Term Trend: Bearish (1-Day Chart)
Key Levels:
Supply Levels: $120.95, $101.65
Demand Levels: $91.80, $73.00
Quant Price Forecast: QNT/USD Outlook
The zone between $101.65 and $91.80 is a critical area in the market, acting as strong resistance against price recovery. However, the coin has been repeatedly testing this level, signaling potential for a breakout.
For momentum to shift in favor of the bulls, a major catalyst is needed, as the MA Cross (Moving Average) lines are currently trending sideways.
The EFI (Elder’s Force Index) power line suggests that since mid-February, buyers have been steadily gaining ground in their attempt to push the price beyond the $101.65 barrier.
QNTUSD Medium-Term Trend: Bullish (4-Hour Chart)
The 4-hour chart highlights the ongoing battle between buyers and sellers. Bulls have made multiple attempts to break above the $101.65 level, but each effort has been met with resistance. As a result, the MA Cross has seen multiple crossings in a slow downtrend.
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