Quant Price Forecast: QNTUSD Buyers Continue the Drive Toward $155.70

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Quant Price Forecast: January 17

The Quant price forecast is that the market will continue its bullish trajectory. This will continue until the price reaches the $155.70 resistance level.

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

Key Levels:
Zones of supply: $155.70, $227.70, $260.00
Zones of Demand: $101.30, $115.00, $125.25

Quant Price Forecast: QNTUSD Buyers Continue Drive Toward $155.70

Quant spent almost two months in consolidation. The market took advantage of that opportunity to generate significant momentum. Buyers later used it to cause a breakout from below the $125.25 key level. Since then, the coin has been driving strongly upward and is now approaching the $155.70 significant level. A break beyond this will see the buyers take on the challenge of rising to $227.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market spent up to two months in consolidation, generating momentum that the buyers have taken full advantage of. Thus far, the two key levels that acted as a strong resistance levels have been violated.

As a result, the coin has broken free from the consolidation zone with a full bullish swing. As we speak, the market is still rising with consecutive bullish candlesticks toward the $155.70 resistance level.

The RSI (Relative Strength Index) has shot into the oversold region in a straight and direct move. The 25-period EMA (Exponential Moving Average) is aligned below the daily candlesticks.

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

On the 4-hour chart, the EMA period 25 is underlying the 4-hour candlesticks, acting as a kind of support to keep the price in its uptrend. The RSI is observed fluctuating from the bearish half until it rises into the overbought region.

Quant Price Forecast: QNTUSD Buyers Continue Drive Toward $155.70

If the price keeps rising with the same intensity and hits the $155.70 resistance that way, it will likely create a point of weakness for the coin to pass through. But if, having risen to an overbought zone, the price pulls back to the $125.25 demand level, from where it will spring up powerfully again for a breakout.

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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.