Quant Price Forecast: April 21
The Quant price forecast is for the bulls to try to recapture the market again after another bearish blow that plunged the price to $87.60.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $117.60, $131.00, $153.50
Zones of Demand: $87.60, $96.90, $107.40
Quant is fighting back against the bearish wave. A strong rally at the end of last year to the $153.50 supply line was immediately followed by a strong rejection that undid all the progress. Nevertheless, the market then took a steady approach to rise again, almost reaching the supply before another bearish wave suppressed the coin once again. This cycle happened again before the coin finally dropped deep below $87.60. However, the price is once again fighting back.
Quant Price Forecast: QNT/USD Outlook
Quant is demonstrating resilience in the face of persistent bearish pressure. From late last year, there was a robust rally that propelled prices to the $153.50 supply line.
The market experienced a sharp rejection, erasing much of its gains. Despite these setbacks, the market embarked on a gradual ascent, nearing the supply level.
However, the coin was met with renewed bearish momentum that pushed it below $87.60. Yet, the price is once again staging a comeback.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The daily chart reveals promising signs of bullish momentum. The Parabolic SAR (Stop and Reverse) dots are positioned just below the daily candlesticks, indicating an upward trajectory. Currently, the market has surpassed the $107.40 key level, further validating the bullish sentiment. The Relative Strength Index (RSI) has rebounded from oversold territory and is ascending towards the midpoint, reinforcing the upward movement.
On the 4-hour timeframe, the alignment of more Parabolic SAR dots below the candles than above underscores the bullish reversal underway. Additionally, the RSI line has surpassed the 50-mark and is approaching the overbought zone, signaling increasing buying pressure. With Quant’s focus on reclaiming lost price levels, a continuation of this bullish momentum is anticipated.
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