Quant Price Forecast: QNTUSD Begins a Recovery Upward

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Quant Price Forecast: December 25

The Quant price forecast is for the market to keep on with its recovery from the demand level. The price will reach the resistance and attempt to break it.

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

Key Levels:
Zones of supply: $111.00, $125.25, $227.70
Zones of Demand: $42.40, $88.70, $101.30

Quant Price Forecast: QNTUSD Begins a Recovery Upward

The Quant market is currently undergoing a range phase. After the price touched down on the demand level at $101.30, it has now switched directions and is rising toward the resistance level. Nevertheless, we can expect the buyers to take the market by storm and drive the coin with more volatility that night, breaking open the consolidation resistance level at $125.25.

Quant Price Forecast: QNT/USD Outlook

The Quant market continues with its raging phase. The price is about to lift from the supply level towards the resistance level again as it keeps ranging.

Since the market remains structured in their favor. An attempt at testing the supply level could lead to a breakout.

The price has bounced off the confluence of the lower Bollinger Band and the $101.30 demand level. The candles are now approaching the $111.00 level, which serves as the midline of the consolidation zone.

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

The RSI (Relative Strength Index) on the daily chart has barely reached the oversold region before bending back upward towards the middle line. It is the same situation on the 4-hour chart. As it ranges, the market is returning to the upside.

Quant Price Forecast: QNTUSD Begins a Recovery Upward

The Bollinger Bands on the 4-hour chart squeezed onto the candlesticks. The candles, having bounced off the lower band and middle band, have begun tugging at the upper band. An upsurge will see the price stretch the upper band and reach the $125.25 resistance level. A hopefully successful breakout will set the coin free to rise 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.