Quant Price Forecast: January 30
The Quant price forecast is for the buyers to take advantage of the increase in volatility to edge the market in their favor.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25
Quant continues trying to get past the $155.70 resistance level, giving the freedom to shoot toward the $227.70 key level. After several fluctuations at $155.70, the buyers seek to strengthen at the support level. It is aided by the steady increase in volatility, which will make the market more aggressive.
Quant Price Forecast: QNT/USD Outlook
The Quant market has been trying to breach the weekly resistance level. However, it has yet to make a breakthrough on that front, despite the recent successes at this level.
Currently, the market may look to recharge at the support level before returning to test the resistance level again. Fortunately, volatility, which has been dipping, is beginning to rise.
Buyers will be looking to take advantage of the rising volatility as shown on the ATR (Average True Range) indicator. Meanwhile, the Parabolic SAR (Stop and Reverse) indicates a potential pullback to support.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the 4-hour chart, there is a clear upward trend in the ATR line. Even on a lower time frame, this indicates an increase in market volatility. Since their peak, the Parabolic SAR dots have hovered above the candlesticks. It is a sign of price retracement.
It is more likely that the coin will pull back to strengthen at the $125.25 support level. This will enable the buyers to get recharged at the support level. Also, with the steady rise in volatility, the buyers will look to take advantage of it to make the market more aggressive when it starts rising again.
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