Quant Price Forecast: Quant is Struggling to Surmount $107.40
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Quant Price Forecast: Quant is Struggling to Surmount $107.40

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Azeez Mustapha

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Quant Price Forecast: April 28

The Quant price forecast is towards further price decline except prolonged consolidation potentially bolsters bullish sentiment again.

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

Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $96.90, $87.60

Quant Price Forecast: Quant is Struggling to Surmount $107.40

The Quant market is yet to recover from the bearish blow it sustained around $142.10. The price spiraled through several key levels till it dropped to $87.60. The coin made a concerted attempt to bounce back and rose through the levels but it never really managed to hold firm its position above $107.40. As of the time of writing, the price has dropped below this level but remains above $96.90.

Quant Price Forecast: QNT/USD Outlook

The Quant (Quant) market continues to grapple with overcoming the bearish impact it encountered around the $142.10 mark.

After spiraling through several key levels, the price plummeted to $87.60. The coin made concerted efforts to rebound and ascend through the ranks.

Nevertheless, Quant has struggled to firmly establish itself above the critical level of $107.40. Presently, while the price has dipped below this threshold, it remains above $96.90.

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

On the daily chart, the Moving Average Cross (MA Cross) lines hinted at a potential upward crossover as the price endeavored to surpass the $107.40 level. However, this attempt fell short, with the lines trending downwards alongside the price slipping below the critical level. Meanwhile, the Stochastic Oscillator lines traverse the entire spectrum of the chart, oscillating between oversold and overbought zones, indicative of the market’s ongoing struggles.

Quant Price Forecast: Quant is Struggling to Surmount $107.40

Within the 4-hour timeframe, the market appears to range between $96.90 and $117.60, resulting in multiple crosses of the MA Cross lines in both upward and downward directions. Although the Stochastic Oscillator line has tempered its volatility, ranging between the middle line and the oversold border, the price trend toward $96.90 suggests a higher probability of further declines. However, prolonged consolidation could potentially bolster bullish sentiment once again.

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