Quant Price Forecast: QNTUSD Gains Momentum Near $115.00, Aims to Push Higher

Azeez Mustapha

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Quant Price Forecast: May 2

The Quant price forecast is for the market to get a stable foothold above the $115.00 resistance level and then use it as a springboard to ascend to higher levels.

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, $106.90

Quant Price Forecast: QNTUSD Gains Momentum Near $115.00, Aims to Push Higher

The Quant market buyers look to express themselves after a spell in which the price plunged below a symmetrical triangle system. The bulls are resisting another consolidation and will instead look to rise and hold above $115.00, from which the coin will likely spring upward even further.

Quant Price Forecast: QNT/USD Outlook

Quant is in the process of pushing its price back to higher levels. The price had been unexpectedly dipping after accumulating in a triangle structure for several weeks.

Nevertheless, the buyers are unrelenting and have begun to engineer a way to push the price higher. The coin will resist the lure to enter another consolidation below $115.00 by rising above it.

Afterward, the $115.00 level will convert to a support level, from which the market will spring upward. The Parabolic SAR (Stop and Reverse) dots line up below the daily candles for confirmation of a price increase.

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

The RSI (Relative Strength Index) indicator has its line still fluctuating below the middle level. A rise above the 50 mark will confirm the price rise above the $115.00 critical level. Likewise, the ability to push upward from the 50 mark will correspond to the price springing off $115.00.

Quant Price Forecast: QNTUSD Gains Momentum Near $115.00, Aims to Push Higher

On the 4-hour chart, the RSI indicator follows the market trend, rising above $115.00 and falling below it. Meanwhile, the dots of the Parabolic SAR are alternating around the candles as the price rises on a gentle slope. The immediate goal is to rise and hold above $115.00, from which the price will surge upward.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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