Quant Price Forecast: Quant Experiences Significant Pressure at $117.60 Level
Login

Quant Price Forecast: Quant Experiences Significant Pressure at $117.60 Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Quant Price Forecast: April 7

The Quant price forecast is for the market to use the $117.60 support level to push back towards the $142.10 resistance level.

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

Key Levels:
Zones of supply: $131.00, $142.10, $153.50
Zones of Demand: $117.60, $107.40, $96.90

Quant Price Forecast: Quant Experiences Significant Pressure at $117.60 Level

The impact on the buyers of the Quant market has been felt since late May when they ensured the price rose off the $107.40 significant level and pumped the coin as high as $142.10. However, beyond that $142.10 level, the bulls have had no luck, and the market has been rejected twice. The first time was a quick rebound off $107.40, but for the second time, the bulls seem to have lost some momentum and are leaning heavily on the $117.60 key level to regain their stance before another assault at the resistance level.

Quant Price Forecast: QNT/USD Outlook

The Quant market has been under scrutiny since late May when bullish investors successfully propelled the price from the $107.40 significant level to a high of $142.10.

Despite this impressive surge, the bulls have faced resistance at the $142.10 mark, experiencing rejection twice since then.

While the first rejection saw a quick rebound from the $107.40 level, the second instance suggests waning bullish momentum, with buyers now heavily reliant on the $117.60 key level to consolidate before mounting another challenge at the resistance level.

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

Crypto signals, particularly the Parabolic SAR (Stop and Reverse) dots positioned below the daily candlesticks, indicate that buyers still maintain control, despite their recent setbacks. The Relative Strength Index (RSI) line is currently dipping slightly below the equilibrium level but is still within the bullish half of its chart, further supporting this sentiment. Buyers are poised to regain momentum and push the RSI back towards overbought territory.

Quant Price Forecast: Quant Experiences Significant Pressure at $117.60 Level

At the critical juncture of the $117.60 support level, the Parabolic SAR dots alternate around the candlesticks, reflecting the market’s sideways movement along this key level. Meanwhile, the RSI line has descended to the oversold border, signalling a potential reversal as it ascends, having now touched the equilibrium level. The bulls are expected to rally from the $117.60 level to challenge the resistance. However, failure to maintain this support could result in a retrace back to the $107.40 mark.

Place winning Quant trades with usGet QNT here

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News