Quant Price Forecast: September 24
The Quant price forecast is for the market to enter a consolidation stage between $87.60 and $96.90 before further movements.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $96.90, $117.60, $149.60
Zones of Demand: $87.60, $75.50, $62.30
The Quant market has been towing the bearish path since it broke out of its triangle structure. After some scares, it eventually broke to the downside of the strong $96.90 key level in mid-September. It will not be a struggle for the buyers to push the market back immediately above $96.90. The tendency is for a ranging period that will likely span several weeks. The $87.60 level will act as the demand level.
Quant Price Forecast: QNT/USD Outlook
Quant’s price range is projected to fluctuate within the $87.60 to $96.90 range. The Quant market has followed a bearish trajectory since its breakout from a triangular structure.
In mid-September, it breached the significant $96.90 support level. Buyers are expected to face much resistance in pushing the market back above this level.
This will likely lead to a prolonged period of ranging, spanning several weeks, with $87.60 acting as a crucial demand level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Currently, the Elders Force Index (EFI) line has dipped below zero but is approaching equilibrium as consolidation appears imminent. The Relative Strength Index (RSI) remains in oversold territory due to the recent price decline.
On the 4-hour chart, the EFI and RSI exhibit lateral movements just below their respective zero and bearish boundaries, indicating a period of potential consolidation and market stability.
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