Quant Price Forecast: Buyers Are Eager to Push the Price Higher

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Quant Price Forecast: March 6

The Quant price forecast is for the buyers to strengthen their resolve to push the price to higher price levels away from the grasp of the sellers.

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

Key Levels:
Zones of supply: $147.60, $155.70, $222.70
Zones of Demand: $42.40, $88.70, $125.25

The Quant market is consolidating between key levels to rise back to challenge the $155.70 resistance level. At present, the price has dropped to the $125.25 support level, and the buyers are eager to push the price back up quickly. This is due to take the market out of the reach of the sellers who are looking to take advantage of the current price position to plunge the coin below $125.25.

Quant Price Forecast: QNT/USD Outlook

QNTUSD has been cranking between key levels after it failed to immediately break the $155.70 resistance. The price is seen ranging between $147.60 as resistance and the $125.25 support level.

Currently, the coin has dropped to the support level. What can be seen is that the sellers try to apply pressure on the market to plunge it below $125.25, but the buyers have jumped into the price to prevent that.

Bulls will be looking to quickly push the price to a higher level to prevent a repeat scenario of what just happened, in which the price traded below the MA period 100 (Moving Average).

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

The MA period 100 on the 4-hour chart is higher than the candlesticks. When the coin drives upward to trade above the MA period 100 both on the daily and the 4-hour chart, it will be a confirmation that the bulls are already pushing the coin upward.

The RSI (Relative Strength Index) has recovered from a steep dip to keep moving laterally while the price awaits a trigger from the market forces to move it in an upside direction. The RSI line has even started moving upward again, back to the mid-line on the 4-hour chart. Once the price stabilizes at $125.25, the buyers will push hard toward $155.70.

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