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Quant Price Forecast: March 10
The Quant price forecast is for the market to ensure stability around $117.60 before it tries another attempt to push to the $131.00 resistance.
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
The Quant market is yet to breach the $131.00 significant level and return to its previous higher high. This is an indicator that despite the strong efforts of the investors to lift the price of the coin, there remains bearish pressure that is weighing the market down. As a result, for the second consecutive time, the coin has failed to rise beyond the $131.00 resistance level.
Quant Price Forecast: QNT/USD Outlook
Quant’s attempt to breach the significant $131.00 level and retrace its previous higher high has encountered resistance.
This resistance signifies ongoing bearish pressure despite investor efforts to elevate the coin’s value.
The failure to surpass the $131.00 resistance level for the second consecutive time reflects persistent market weight.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
As the market fluctuates around $117.60, the MA period 50 (Moving Average) on the daily chart remains below the price, indicating prevailing bullish sentiment. Utilizing the MA period 50 as a potential support could empower the price to overcome resistance and ascend. The daily EFI (Elders Force Index) power line fluctuates around the equilibrium level after descending from a higher position value.
In the shorter timeframe (4 hours), while the EFI power line continues to fluctuate around the zero level, the MA period 50 has ascended above the candlesticks. To break through, the Quant market must surpass the MA, offering a potential path towards the $131.00 resistance level and a resurgence to the previous higher high at $153.50. Favorable crypto signals indicate the potential for such a development.
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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