Quant Price Forecast: QNT Haggles the $115.00 Level to Breakout

Quant Market Forecast: January 5

The Quant market forecast is for the price to successfully navigate past the $115.00 supply level and rise further to test the $125.25 resistance.

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

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

Zones of Demand: $42.40, $88.70, $101.30

QNTUSD is currently negotiating the midline resistance level of the consolidation channel. The price has been trading below it for a while to quickly generate momentum. The buyers are now set to cross this resistance level to the upper half of the channel. This will allow them to attempt to break the $125.25 resistance also and ride up toward $227.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market settled in the lower half of the general consolidation channel to effectively generate more momentum with shorter movements.

This objective is already being achieved, and the price is now agitating to rise beyond its current level. The $115.00 supply level that immediately caps it has to be broken.

The candles have risen to test the $115.00 supply level with a double-bottom bullish structure. The ATR (Average True Range) indicator shows that the drop in volatility has been interrupted to begin a rise.

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

On the daily chart, the MA Cross (Moving Average) lines are finally crossing each other to the upside. This is a confirmation that the buyers are pumping the market to cross beyond the $115.00 resistance level. Meanwhile, on the 4-hour chart, the lines have already crossed each other to the upside, and the market is agitating for a breakout.

The ATR indicator on the 4-hour chart is showing some movement to the upside after the end of a downtrend. When volatility becomes stronger in the market, the buyers can take advantage of it to move clear of the $115.00 resistance level and then proceed to the $125.25 resistance level to breach it also. Buyers will be looking to ride the price up to $227.70.

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