Quant Price Forecast: QNTUSD Resists Bearish Effect to Rebound Up

Quant Price Forecast: March 3

The Quant price forecast is for the market to shrug off the bears’ advances and recover the price above the $125.25 support level.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $125.25, $88.70

The Quant buyers are trying to manage the pressure from the sellers. This is necessary if the buyers will retaliate by pushing the price higher. The pressure has been adequately managed at the $125.25 support level up until today when the price slipped below the demand level. Nevertheless, the bulls remain up to the task, and they are restoring the coin back above $125.25 before they drive the market even higher still.

Quant Price Forecast: QNT/USD Outlook

Quant has been trying to push back on the bearish pressure imposed on it for a while now. The sellers took advantage of the coin’s inability to bypass the $155.70 resistance level.

The coin has been further limited below the $147.60 key level until it drops to the demand level. However, the demand level has held firm against the bearish pressure. Nevertheless, the price slipped below the support today. The bulls have rallied strongly to repel the bearish advances.

The result of the slip below the support level is that the Stochastic Oscillator lines have plunged into an oversold region, but there are signs of a revival as the line crosses upward.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The MA period 25 bending over the candlesticks is a sign of the bearish pressure the market is currently sustaining. The MA is also over the candles on the 4-hour chart. However, there is an imminent price rise, and a bullish takeover confirms that the candles will trade above the MA period 25, firstly on the 4-hour chart and then on the daily chart.

The Stochastic Oscillator lines on the 4-hour chart are in agreement with those on the daily chart and have made a sharp upturn after dropping into the oversold region. This is a sign of continuous work by the buyers behind the scenes as they resist the bears’ advances and cause a rebound back above the $125.25 support level before further upward movement.

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