Quant Price Forecast: After a Quick Retest, Quant Will Break Through the $228 Restriction Level

Quant Price Forecast: October 26

The Quant price forecast is that the QNT market is rightly positioned to rise back to $227 after it must have first retested the support level nearest to it.

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

Key Levels:
Zones of Supply: $128.10, $145.00, $227.60
Zones of Demand: $39.50, $85.20, $163.00

Ever since Quant broke into the higher demand levels, the markets have had to revisit the demand zone at $163.00. However, the market has been stuck in a bearish wedge. It is from within this that the price is expected to make a bearish breakout to retest the support level.

Quant Price Forecast: QNT/USD Outlook

On the 20th of this month, the Quant market became oversold due to the volume of bearish pressure that forced the price to retest. The market again seems to be threading the path to a new retest.

Currently, the coin value has continued to range between $200.00 and $160.00. However, a retest at the current level is being waited for to happen, as the Stochastic indicator posits.

After the market hits this point, a directional reversal will be expected of the QNTISD market, as more buy trades come in.

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

On this chart, the TSI (True Strength Index) indicator has for a long time marked the coin price as bullish. However, TSI lines slumped beneath each other, indicating a trend change.

This recent change is identified to be in response to the coin’s retest motive. For the Quant rally to continue, this move must first be completed so that more buy trades can be entered at that discount level.

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