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Quant Price Forecast: October 15
The Quant price forecast is for the market to strive to overcome the $87.60 resistance level and then push upward to $96.90.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $96.90, $87.60
Zones of Demand: $75.50, $62.30
Quant appears to be weighed down by a measure of bearish pressure. This is because, since the coin dropped below $96.90, the trajectory has been downward until it dipped below $87.60, thereby converting it from a support to a resistance level. Right now, the coin is struggling below the level, trying to break back above it. A failure to rise above the barrier in time will only lead to more price drops.
Quant Price Forecast: QNT/USD Outlook
Quant remains ensnared by bearish forces, creating an ongoing challenge for the coin. The persistent bearish pressure emerged when Quant’s price slipped below the crucial $96.90 level,
This leads to a further dip below the $87.60 significant level, thereby transforming the level from a support to a formidable resistance level.
The coin is now grappling to rise above this level, and the failure to do so promptly may result in further price declines. The daily chart shows the dominance of bearish sentiment as the Moving Average (MA) period 25 continues to position itself above the daily candlesticks.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The Relative Strength Index (RSI) fluctuates predominantly within bearish territory as the market endeavors to break free from these constraints. The 4-hour chart reflects the struggle more closely, with the MA period 25 now residing below the price level as the market faces resistance at $87.60.
While the RSI continues to dwell mainly in the bearish zone, there are intermittent upward movements above the 50-mark. Ultimately, the fate of Quant lies in its ability to conquer this resistance, as failure may result in a descent towards the $75.50 level.
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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