Quant Price Forecast: January 31
The Quant price forecast is for the buyers to swing the market once more towards the resistance level, still trying to break free.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30
The QNTUSD has been testing the resistance level and has been unable to break down the resistance. The price is looking for a pullback to gain strength before reattaching the resistance level. However, before the coin drops to the support level, it has shown the tendency to make a late surge upward to the resistance level. This could be the breaking point in the supply line.
Quant Price Forecast: QNT/USD Outlook
The Quant market has broken all barriers to rise to the $155.70 resistance level. The price is limited at this point. There have been several blows to the price level, but it remains firm and has not yielded.
Finally, the price seems to be moving to pull back to gather more strength for a comeback. However, the coin could take one more swing which could split the resistance level.
Though the price has traded below the MA period 9 (Moving Average), it shows some stability in the MA period 21. The coin could spring off this line towards the resistance again.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the RSI (Relative Strength Index) line hangs around the border of the overbought region. The line also dips as the market dips. However, just a little while before the line reaches the mid-level, it makes a sharp upturn at its tip. On the 4-hour chart, the line bounces upward off the oversold border.
On the 4-hour chart, the MA Cross has crossed downward and the price trades below the MA lines. However, the candles have risen back to touch the MA lines. The indicators point to the fact that the market may be making a late surge toward the resistance level that could split it open if everything goes according to plan.
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