Quant Price Forecast: QNTUSD at $120.60, Poised to Break Resistance Level

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RESULTS

Quant Price Forecast: March 26

The Quant price forecast is for the coin to leverage on the new support at $120.60 for another chance to push against the resistance.

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

Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $120.60

Quant has broken out to the upside of its bullish flag system but has been having a bit of difficulty continuing its upward movement after being limited to $134.20. Quant is now looking for a way to continue its upward movement, and it is leveraging on $120.60 to make a higher high.

Quant Price Forecast: QNT/USD Outlook

The Quant market earlier formed a bullish reversal flag pattern after it failed to breach the $155.70 resistance level. The market had been very strongly bullish before reaching this level.

The flag pattern was meant to first follow a downtrend leading to a breakout to the upside and then continue upward movement. All have been accomplished, however, except for a continuous upward flow.

After the initial breakout, the price rose to $134.20, where it was blocked, and the market has been seeking other ways to revive itself. The Stochastic has plunged to the oversold border; a rise is now imminent.

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

The price has gotten a foothold above the $120.60 support level. With this current level, the market has made a higher high and is set to leverage that to push higher against the resistance level. The Parabolic SAR (Stop and Reverse) dots currently align above the candles as the price plunged to $120.60.

The coin is now rising along a trendline, which is more visible on the 4-hour chart. To this end, the Stochastic Oscillator lines have already bounced off the oversold border and risen to the border of the overbought region. Quant is expected to push on from there to make a new higher low above the $134.20 key level.

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