Quant Price Forecast: QNTUSD Consolidation Is Nearing Completion, Allowing for a Breakout

Quant Price Forecast: December 26

The Quant price forecast is for the market to experience a breakout soon as it nears its consolidation maturity time.

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

Key Levels:
Zones of supply: $111.00, $125.25, $227.70
Zones of Demand: $42.40, $88.70, $101.30

QNTUSD is nearing its consolidation maturity when it will be forced to break out. The buyers have set themselves up to exploit this opportunity. Currently, the coin is starting another ranging cycle, and the price is rising from the support level toward the resistance level.

Quant Price Forecast: QNT/USD Outlook

The Quant market is edging closer and closer to the maturity of its consolidation, which means the price will be forced to make a breakout from the consolidation.

This is just like the consolidation that happened last year between July and September, when, at maturity, the buyers took over and drove the price upward.

The Stochastic Oscillator lines have plunged into the oversold region, and there have been multiple upward crosses as the price action is about to start another cycle.

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

The MA (Moving Average) period 20 remains hanging over the market on the daily chart since it dropped to the demand level on the daily chart. However, on the 4-hour chart, the Moving Average line has swooped down below the candlesticks as the price starts rising again.

The Stochastic Oscillator lines on the 4-hour chart have risen towards the oversold region and are currently fluctuating below it. The bullish cycle is on course even as the general consolidation nears maturity. The market is anticipating a breakout to the upside anytime from now towards $227.70.

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