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Quant Price Forecast: October 1
The Quant price forecast is for the market to commence a consolidation after bouncing off the $87.60 demand level.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $96.90, $117.60, $149.60
Zones of Demand: $87.60, $75.50, $62.30
The Quant market has been experiencing a bearish trend since it broke out of its triangle pattern. This has resulted in the coin falling below the significant key level of $96.90. This key level has now transitioned from a support to a resistance level. It’s anticipated that the price will enter a period of consolidation, oscillating around $87.60, which is considered the demand level. The coin has already rebounded from this demand level, and it remains uncertain whether this prediction will hold true or if the bulls will disrupt the pattern.
Quant Price Forecast: QNT/USD Outlook
Quant has initiated a consolidation phase following its departure from a triangle pattern, marking a bearish trend in the market.
The coin’s value has descended below the once robust $96.90 support level, which has now transitioned into a formidable resistance. Forecasts anticipate a period of consolidation, with $87.60 serving as a pivotal demand level.
The recent rebound from this level raises questions regarding whether this predicted consolidation will materialize or if bullish forces will defy expectations.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
As the price rebounds from the $87.60 demand level, the Parabolic SAR (Stop and Reverse) lines have shifted beneath the daily candlesticks, confirming a reversal in direction. Concurrently, the Stochastic line has ascended toward the oversold boundary, reinforcing the bullish sentiment.
Similar signals are observed in the 4-hour timeframe, where a notable alignment of Parabolic SAR dots below the candles indicates an uptrend. The Stochastic indicator, while experiencing a minor dip, still maintains a trajectory toward the oversold region. Anticipations revolve around a potential price rebound at the resistance level or a potential breakthrough.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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