Quant Price Forecast: April 1
The Quant price forecast indicates further downside movement towards $50.00 due to the prevailing bearish pressure.
Quant Key Levels:
Supply Levels: $82.25, $101.10
Demand Levels: $66.30, $50.00
Quant Long-Term Trend: Bearish (1Day Chart)
Quant has been dropping progressively in a step-wise fashion right from close or the year 2024. This has now seen the price drop from a height of $170.00 to $66.30 which represents a about 61% price drop. There is potential for more drops as the buyers generally remain placid and the sellers have the momentum advantage.
Quant Price Forecast: ARB/USD Outlook
The coin is currently repeating a pattern, in which it tests the support level and immediately ascends only to be rejected at the supply level.
The price has dropped back to the support level which is at $66.30. If the previous pattern is taken into consideration, the price is expected to drop again.
The MA Cross (Moving Average) has ever been crossing downwards as the market keeps dropping in a step-wise pattern. Market momentum is currently dropping having been undulating since the beginning of the year as shown by the Momentum indicator.
QNTUSD Medium-Term Trend: Bullish (1
4-hour chart)
The 4-hour chart shows a reaction as the price drops to the $66.30 support with the market set to rebound towards the $82.25 resistance. The MA Cross has now crossed upward as the buyers seek a hold albeit temporarily on the coin.
The Momentum indicator shows that the market momentum remains in a ranging state as it alternates between a positive and negative position. This means buyers could temporarily take the upper hand in the market.
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