Quant Price Forecast: QNTUSD Builds Bullish Momentum in Triangular Consolidation

Quant Price Forecast: March 30

The Quant price forecast is for the market to keep building bullish momentum as it keeps ranging in a triangle structure.

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

In a bid to fulfill its bullish potential, the Quant market is now accumulating in a triangle structure. The $115.00 support level coincides with the lower border of the triangle to give a solid starting point for the market. However, the $125.25 price level also poses a limitation for the price. Nevertheless, the coin is expected to drive aggressively from this triangular consolidation to reach $155.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market is yet to fully go bullish since it burst out of the bullish flag structure. So far, the price has been limited to $134.20, and the coin has had to find a propelling force at a lower level.

The market has found a strong support level at the $115.00 consolidation point. The price is now leveraging that point to build momentum by accumulating in a triangle structure.

Currently, as the candles hit both the lower and upper borders of the triangle in accumulation, the Momentum indicator shows the market momentum is now on the increase.

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

As the accumulation in the triangle continues, the RSI (Relative Strength Index) is yet to convincingly rise beyond the mid-level of the RSI chart on the daily timeframe. Much more progress is being made in the short time frame, however. The RSI line has defied the middle line of the RSI chart.

There is also much increase in momentum on the 4-hour chart. The blue line of the Momentum indicator has broken a trend to rising higher as the price lunges towards the $125.25 significant level. The coin has not been able to violate the upper border of the triangle on the first try, and the price may either force its way through or drop to rebound from the lower to violate the triangle. In all, there is an anticipation of the coin driving higher to $155.70.

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