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Quant Price Forecast: May 25
The Quant price forecast is for the market to keep empowering its buyers as the price consolidates.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $190.10, $149.60, $131.00
Zones of Demand: $96.90, $87.60, $75.50
The Quant Market is confined below the $149.60 resistance level after failing to hold above it. The coin is now reacting in a consolidation phase, and the bulls will take this advantage to strengthen themselves. The coin aims to breach the $149.60 resistance and rise higher.
Quant Price Forecast: QNT/USD Outlook
The Quant market had a powerful surge towards the end of 2022. However, the buyers soon weakened and tried to hold above the $167.10 key level, but the sellers struck.
This led to a plunge back to the support level from which the coin surged last year. By the beginning of the year, the price had risen to test the $149.60 key level.
The market has bounced off the resistance and is heading towards the support level. The RSI (Relative Strength Index) line has since been ranging below the zero level as buyers’ momentum mounts.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 25 (Moving Average) on the daily chart moves downward above the candlesticks as it approaches the support level. This is also the situation on the 4-hour chart.
The RSI line on the 4-hour chart fluctuates around the midline. This all points to the fact that the market is in a consolidation phase. The buyers are strengthening through this phase to break through the $149.60 resistance level.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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