Quant Price Forecast: QNTUSD Is Exerting Pressure Upward to the $125.25 Supply Level

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RESULTS

Quant Price Forecast: December 15

The Quant price forecast is for the coin to keep exerting pressure on the $125.25 supply level until it gives way to the market’s upthrust.

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

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $42.40, $88.70

The Quant market is in the last stages of its consolidation as the price begins to exert upward pressure against the resistance level, which doubles up as the upper border of the ascending triangle. Buyers’ expectations are positive, and they are increasing in the market to push the price through.

Quant Price Forecast: QNT/USD Outlook

The control of the QNTUSD market remains with the bulls. They are actively working to generate momentum that will push the coin aggressively to reach higher levels.

The market is now in the last stages of its consolidation along the triangle structure. QNTUSD price is actively exerting pressure on the resistance level to push through.

The momentum indicator shows that though there has been a general momentum increase since the start of the consolidation, there has been no significant increase for the past few days.

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

The RSI (Relative Strength Index) is positive. There has been a gradual rise from the border of the oversold region to the middle line. This is expected to shoot upward once the $125.25 resistance level gives way.

The Momentum indicator also shows no significant upward movement in the short term, but rather a predominant ranging movement. The 4-hour RSI, meanwhile, is also positive, having sprung up above the middle line. These are generally positive indications that the bulls are still on the market. The price is expected to keep putting pressure on the supply until it breaks through to $227.70.

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