Quant Price Forecast: QNTUSD Buyers are Dominating the Market

Quant Price Forecast: October 18

The Quant price forecast is for the market to keep strengthening itself as it keeps rising and rising.

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

Key Levels:

Zones of supply: $42.40, $88.70, $155.70

Zones of Demand: $222.70, $260.00, $352.10

Quant is expected to continue to rise after defying all odds to break free from the market’s bearish grip. The gentle movement of the market also implies that the bearish tide has been stemmed down. However, it is at the 42.40 support level that the market finally converts to a bullish movement. The price has violated a couple of key levels to trade at 203.22.

Quant Price Forecast: QNT/USD Outlook

Quant has successfully passed through the stage whereby it converts the bearish trend in the market to a bullish one. It is at the 42.40 support level that the market finally makes the reversal.

Afterward, the coin heaves itself above $88.70, from where it pushes even higher above $155.70 The market is currently trading at 203.22. The indicators are in favor of the buyers.

The Stochastic Oscillator lines are seemingly hung up around the overbought border. This is good for the bulls as the market is not overbought or underbought but has the right balance to keep moving up.

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

The MA period 35 (Moving Average) has lined up under the daily candlesticks. This is the same situation for candlesticks on the 4-hour chart. Meanwhile, the Stochastic Oscillator lines have dropped from the overbought border on the 4-hour chart and are approaching the oversold region. This accounts for the slight retracement in the market.

Most importantly, the market is confronted with a critical key level that has immediately rejected the price, forcing it to retrace. The coin will bounce off the MA period 35 or drop lower to a more comfortable $155.70 key level for a rebound. The strength of the buyers is expected to see the market through the barricade to reach a greater height of around $352.10.

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