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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
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.
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.
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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