Quant Price Forecast: Bullish Action Continues Against the $155.70 Resistance Level

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Quant Price Forecast: January 25

The Quant price forecast is for the market to keep pushing itself against the $155.70 resistance level till it breaches the key level.

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

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30

Quant Price Forecast: Bullish Action Continues Against the $155.70 Resistance Level

The QNTUSD market is very focused on breaching the $155.70 resistance level and rising higher. The coin is building upon its successes in recent times, which date back to when it broke through the $115.00 consolidation middle-line. Since then, it has gone on to break totally out of the consolidation, and against all odds, it has risen to $155.70 to also break it.

Quant Price Forecast: QNT/USD Outlook

The market is still predominantly bullish. The Quant coin has made major strides in recent times. This begins with the breach of the consolidation middle level of $115.00.

Afterward, the coin went on to break out of the consolidation zone via a violation of the $125.25 resistance level. Despite this, the market has not lost its bullish fervor. A retest of $125.25 will help it push even further toward $155.70.

The price is free to rise even higher, having traded way above the MA period 80 (Moving Average) on the daily chart. Also, the MACD (Moving Average Convergence Divergence) lines have risen strongly in the positive.

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

The signs are stronger in the 4-hour timeframe. The MA period 80 is underlying the 4-hour candlesticks and acting as support for the price. It is even more crucial as the market consistently tests the $155.70 resistance level in an attempt to violate it.

Quant Price Forecast: Bullish Action Continues Against the $155.70 Resistance Level

The MACD (Moving Average Convergence Divergence) in the 4-hour timeframe has taken a position above the zero level. Its coarse undulating movement does not make it plunge below the zero level as the price is focused on reaching higher levels by breaking through the $155.70 resistance level. QNTUSD is expected to make more upward strides toward $227.70.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.