Quant Price Forecast: QNTUSD Continues Sideways Movement

Quant Price Forecast: January 21

The Quant price forecast suggests that the current sideways movement may persist for several more days before a breakout occurs, most likely to the upside.

Quant Long-Term Trend: Ranging (Daily Chart)
Key Levels

Resistance Levels: $120.95, $165.90
Support Levels: $101.80, $91.80
Quant remains firmly in a consolidation phase, trading within a range defined by key levels. The $120.95 level acts as resistance, while $101.80 serves as support. The price has occasionally breached these levels but continues to oscillate within this range. At present, there is little indication of the direction of the eventual market breakout.

Quant Price Forecast: QNTUSD Outlook

After a significant surge in early November last year, Quant faced rejection at the $165.90 resistance level. This led to a decline, stabilizing at $101.80.

The market has since remained stable at $101.80 but is now capped at $120.95. The price continues to fluctuate between these levels, and the Bollinger Bands have tightened around the candles, signifying consolidation.

The Elder’s Force Index (EFI) on the daily chart provides clues about the potential breakout direction. The power line is beginning to rise above the equilibrium line, suggesting a hint of increasing bullish momentum.

Quant Medium-Term Trend: Bullish (4-Hour Chart)

On the 4-hour chart, the Bollinger Bands remain squeezed around the candlesticks, reflecting ongoing consolidation within the defined range. The EFI on the 4-hour timeframe is also fluctuating around the equilibrium line. However, recent movements show the indicator rising above the zero level.
This development suggests that bulls might capitalize on the opportunity to drive the market higher. Alternatively, the consolidation phase could persist until a stronger signal emerges, potentially guided by crypto signals for market timing.

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