Quant Price Forecast: A Retest of $125.25 Will Aid the Market’s Rally

Quant Price Forecast: March 19

The Quant price forecast is for the market to get the needed trigger for a rally back to the $125.25 support level. Hence, Quant has pulled back toward it.

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

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25

Quant has finally been able to break free from the downtrend imposed by the flag formation. The price has now risen above the structure and the $125.25 key level. Quant is now looking for a trigger to set it to continue its bullish course, and for this reason, the price is pulling back to $125.25, where it is expected to surge upward from there.

Quant Price Forecast: QNT/USD Outlook

The Quant market was eventually able to kickstart the bullish aspect of its flag formation. This happened after the price touched down at the lower border of the flag.

A strong bullish movement occurred afterward, which broke the upper border of the flag and also violated the $125.25 key level. Right now, the coin is trying to drop every hindrance and move its level totally beyond $125.25.

Nevertheless, the anticipated increase in price will only come with a retest of $125.25. The MA period 20 (Moving Average) is currently below the candles and will act as support as the price retraces.

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

The Momentum indicator on the daily chart shows that momentum is with the buyers, and this momentum has been building since the price rebounded off the lower border of the flag. There is, however, a drop in momentum as the market retraces, but it is expected to increase again and help the coin embark on a sustained upward run.

The MA period 25 has been underlining the candlesticks on the 4-hour chart except on the 15th of March when the price traded below it to retest the upper border of the flag. However, the price rose back above the MA. Currently, the retracement to $125.25 has plunged the price again below the MA, but it is expected to rise back above it and drive higher toward $155.70.

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