Quant Price Forecast: February 11
The Quant price forecast is for the market to eventually drop to the $96.90 support level unless the bulls demonstrate much grit to push the price above $107.40.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $87.60, $96.90,
The Quant market is struggling to stay afloat and prevent any further drops. Since the price hit the $153.50 resistance level late last December, the coin has been spiraling downward. However, the rate at which the market plunges has been reducing with the continuous price drop. Now that the market has dropped below the $107.40 significant level, the bears are finally showing more resistance to prevent a touchdown at $96.90.
Quant Price Forecast: QNT/USD Outlook
The Quant market is grappling to stay afloat and stem further declines.
The coin has been experiencing a downward spiral since reaching the $153.50 resistance level late last December. While the descent has continued, the pace of the market plunge has gradually diminished.
Now, having descended below the crucial $107.40 level, the bulls are exhibiting increased resistance to prevent a touchdown at $96.90.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily timeframe, the market contends to ascend above the MA period 20 (Moving Average) and confronts the $107.40 resistance level. The EFI (Elders Force Index) indicator strives to surpass the equilibrium line, coming close but remaining unable to breach it.
Examining the 4-hour timeframe, the price hovers just above the $96.90 demand level as buyers wrestle to maintain market stability. Consequently, the MA period 20 slices through the candlesticks. Similarly, the EFI indicator’s line clings to the zero level without a clear direction at the moment. Crypto signals highlight the ongoing struggle, emphasizing the challenges Quant faces in attempting to regain stability and resist further downward pressures.
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