Quant weekly forecast: Bearish momentum dominates with sellers pressing support zones

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Quant falls 4.09% this week

Highlights

Quant trades at $55.86 after a 4.09% drop over 7 days, staying below its key moving averages.
Technical momentum remains negative, with the price near oversold levels and no clear daily support identified.
Quant is projected to trade between $53.63 and $57.95 this week, with a 77% probability of further decline.

Oversold technical signals persist as tight weekly range contains downside

On the daily chart, the structure remains negative with momentum weak and the 7.02% weekly volatility highlighting a contained move within a narrow range. RSI is approaching oversold at 30.7376 and the Stochastic RSI is fully oversold, while MACD remains in sell territory, reinforcing downside pressure. Immediate resistance is at $56.25, with the Ichimoku Kijun at $60.445 acting as a higher cap, and there is no clear daily support nearby.

Consolidation likely next week as bearish bias limits upside scenarios

In the week ahead, Quant is expected to trade between $53.63 and $57.950143, with a 23% probability of an increase and a 77% probability of a decrease. The base case is continued consolidation below resistance at $56.25, reflecting prevailing bearish momentum. A break above $56.25 could see buyers testing $57.95, but sustained gains would need a move through the Kijun at $60.445. If sellers drive the price under $53.63, downside risk will accelerate in line with the dominant negative bias.

Anton Kharitonov, expert at Traders Union, notes that Quant continued its decline this week, losing over 4% and remaining firmly below key moving averages. The momentum stayed weak, with weekly volatility indicating consolidation within a tight range. Technical indicators such as RSI and Stochastic RSI are near or at oversold territory, while the MACD confirms ongoing bearish pressure. Kharitonov believes that resistance at $56.25 and the higher cap at $60.445 pose significant hurdles for any upside attempts in the coming week. The dominant scenario is continued consolidation below resistance, with downside risk increasing if $53.63 is breached. "As long as Quant trades under $56.25, I remain cautious and see no clear signs of reversal yet."

Earlier, analysts noted that Quant remained under sustained bearish pressure with downside risks persisting amid a narrowly contained range. The current analysis reinforces this outlook with fresh technical evidence, highlighting $53.63 as the key level to watch for further downside acceleration if sellers maintain control.

Source of Data: QNT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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