Quant Price Forecast: QNTUSD Frees Itself from the $125.25 Hurdle

Quant Price Forecast: January 15

The Quant price forecast is for the market to freely explore higher price levels after getting free from the $125.15 limiting level.

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

The Quant buyers have finally overcome the limitation of the $125.25 resistance level after a prolonged period of consolidation below the level. As it stands, the market is fired up to keep rising toward the next resistance level. Much momentum has been generated through the consolidation below the $125.25 resistance level, from which the market is rising.

Quant Price Forecast: QNT/USD Outlook

The Quant market has always been primed to climb to higher price levels, especially with its higher-low market structure. Nevertheless, the price has been confined between the $125.25 and $101.30 key zones.

The coin has since been struggling to break free. It even limited its rise to $115.00 within the consolidation to quickly generate momentum with which it would break the $125.25 resistance.

The market is now on its way toward $155.70 after breaking past $125.25. Even before the price broke through the $115.00 resistance, the MA Cross (moving average) crossed upwards.

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

On the daily chart, the RSI (Relative Strength Index) line appeared to have completed all of its activities before the breakout below the middle line. Immediately the buyers became stronger, and the coin broke out from below the middle line and has since risen high into the oversold region. This is a bit different on the 4-hour chart, whose line is undulating upward till it enters the overbought region.

The MA Cross shows several confirmations with several upward crosses as the price keeps rising. Now that the market has been freed from the hurdles at the $125.25 level, it is free to keep rising toward the $155.70 key level and then further back to a previous high of $227.70.

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