Quant Price Forecast: QNTUSD Expected to Rebound at Strong Confluence Level

Quant Price Forecast: March 27

The Quant price forecast is for the coin to rebound as soon as it touches the confluence point where the upper channel border crosses the $115.00 key level.

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

Key Levels:
Zones of supply: $155.70, $134.20, $125.25
Zones of Demand: $101.30, $115.00, $120.60

Quant bullish flag system has run its course, leading to an eventual breakout in the market. However, the price has now taken off from there, but delays in pushing strongly upward allowed bears to have a bit of influence in the market. The result is that Quant now needs a rebounding surface to shake off the pressure. The current confluence point at $115.00 is a good key level for that.

Quant Price Forecast: QNT/USD Outlook

The Quant market set up a bullish reversal flag structure. The price has successfully navigated the structure and surged to the upside of the triangle.

However, the market is now attempting to continue its upward movement after it was blocked at $155.70. After the rejection, more bearish pressure was piled on.

Quant is in search of a rebounding surface and may have found the right place to revive itself at the $115.00 confluence point. As the price descended to this point, the EFI (Elders Force Index) power line dipped below the zero level on the daily chart.

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

On the daily chart, too, the market volatility rose strongly when the price surged through the descending channel to break out of the bullish flag. However, the volatility is now falling as the price dips towards the confluence point where $115.00 crosses the upper border of the descending channel.

On the 4-hour chart, there are already signs of a reviving buying base. After dropping below the zero level, the EFI power line dashed upward, and though it was rejected at the zero level, there is already another upward curve to retest the zero level. The ATR indicates a slight increase in volatility at this point. The market is being influenced by the consolidation point and is expected to rise back above $125.25.

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