Quant Price Forecast: March 23
The Quant price forecast is for the market buyers to gather traction and push the price up out of consolidation. The consolidation demand level remains solid to keep the price up.
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 has broken out of its bullish flag formation. However, the market is currently accumulating on the $125.25 significant level, which lies just atop the flag channel. Serval indicators point to buyers waiting in the wings to influence the market once it matures for a breakout.
Quant Price Forecast: QNT/USD Outlook
Quant has broken out of its bullish flag formation, and now the buyers are trying to further their course. However, the market is currently ranging.
The price is trapped above the key level of $125.25, which is just above the flag channel. The market has thus been accumulating above it. The buyers are still very active, and any breakout will be to their advantage.
The bullish intent of the coin is demonstrated by the Stochastic Oscillator lines which have pushed strongly from the oversold border to the overbought region border.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
In addition, despite the ongoing price accumulation, the MA Cross has just crossed upward, indicating the general direction of price movement. However, on the 4-hour chart, the MA Cross lines are now undulating through the candlesticks laterally.
Meanwhile, the Stochastic Oscillator lines on the 4-hour chart are undulating with the oversold border and the middle line of the Stochastic chart. In general, the coin, having broken out of the flag formation, is now in an accumulation stage. The bulls have the upper hand when the price matures for a breakout. The total will then be $155.70.
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