Quant (QNTUSD) Sellers Continue to Supply Lower

QNTUSD Price Analysis – April 9

Quant price forecast is currently facing strong selling pressure as sellers aim to breach the $60.000 significant level. The market direction has shifted decidedly in favour of sellers, and the momentum has been consistently bearish since last year. In early March, the bearish momentum was confirmed when the price dropped below the $91.000 key level, pushing buyers out of contention.

Quant Key Levels

Support Levels: $60.000 , $55.000
Resistance Level: $91.000, $86.000

Quant Long Term Trend: Bearish (Daily chart)

Despite some attempts at resurgence by buyers this month, the pressure has intensified, with sellers gaining further ground. The Bollinger Band indicator has indicated an expansion. This suggests that volatility is increasing in the market. Following a squeeze, sellers have capitalised on the situation, driving prices lower. The Parabolic SAR (Stop and Reverse) indicator corroborates this sentiment. It shows that sellers are intensifying their strength in the market.

On the long time frame, Quant sellers remain aggressive, continuing to hammer lower. The bears are targeting the $60.000 market level, and with the current momentum, it appears that a breach could be imminent.
The wide range of liquidity flow indicated by the Bollinger Bands suggests that the market is primed for further movement.

Quant Short-Term : Anticipating Further Declines

The outlook for QNTUSD indicates a continued bearish trend, with sellers well-positioned to breach the $60.000 support level. As the market dynamics favour the sellers, traders should be alert to the possibility of further declines in the coming days.

Monitoring the Parabolic SAR and Bollinger Bands will be essential for assessing market conditions. If sellers maintain their momentum, the potential for a significant downward movement exists, which could lead to a more pronounced bearish phase in Quant.

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