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Quant Price Forecast: February 23
The Quant price forecast is for the coin to continue gaining momentum in consolidation and ultimately break the barriers.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $147.60, $155.70, $222.70
Zones of Demand: $42.40, $88.70, $125.25
The Quant market continues to gather bullish momentum as the price consolidates. The range is between two vital levels of $147.60 and $125.25. The coin continues to retest these levels as the market prepares for a breakout to the upside. It will help the coin bypass the $155.70 resistance and continue its previous bullish trend.
Quant Price Forecast: QNT/USD Outlook
Just before the Quant coin was locked in the consolidation zone, the price initially responded at the $155.70 resistance level. The inability to stay above the level resulted in a price drop toward the $125.25 support.
Back at the support level, an upswing began immediately after the coin tested the support, meaning the buyers have taken control of the price. However, this is only good for $147.60.
Following that, the price falls back to the support level. The blue line of the Momentum indicator has been on the rise even before the coin touched the support level and has been steadily increasing.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The price is in a consolidation zone as the bulls continue to battle for market control. On the daily chart, the Stochastic Oscillator indicator depicts the market as it ranges between significant levels. The lines of the Oscillator have crossed downward for a drop back to the oversold region.
The 4-hour chart shows the market is on the rise in consolidation. It comes with increasing momentum, as indicated by the Momentum indicator. The Stochastic Oscillator indicates upward price movement, indicating a full-swing bullish ride in the consolidation. QNTUSD would test the barrier levels, leading to a breakout past $155.70.
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