Quant Price Forecast: QNTUSD Is on the Rise Again as It Seeks to Kickstart Its Uptrend

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Quant Price Forecast: December 9

The Quant price forecast is for the market to attempt to kickstart its bullish ride. The price is rising again to achieve this.

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

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

Quant Price Forecast: QNTUSD Is on the Rise Again as It Seeks to Kickstart Its Uptrend

Quant is on the rise again in another attempt to kickstart its bullish trend. Since November 11, despite dropping back to a rising trendline, the market has decided against taking off immediately. The price has been tapering through a triangle pattern formed just above the trendline. The reason for this is to store up energy that will be released when the bullish drive commences.

Quant Price Forecast: QNT/USD Outlook

The Quant market began to generate momentum as soon as the buyers overturned the coin from the $42.40 support level. At some point, the price bounced very strongly, only to be rejected strongly at $227.70.

Despite dropping to meet the bullish trendline and continuing its upward mobility, The QNTUSD has resorted to taking small steps along the trendline, conforming itself into a triangle.

The price keeps making higher lows, and a new higher low has been formed. On the daily chart, while market volatility is low as shown by the ATR (Average True Range) indicator, the Momentum indicator shows a gradual and continual rise in momentum.

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

The indicators on the 4-hour charts are replicas of the daily chart. The volatility level in the market has plunged since the 11th of November when the price dropped to the trendline. However, price accumulation has occurred as a result of a gradual increase in market momentum, which buyers will be looking to capitalize on.

Quant Price Forecast: QNTUSD Is on the Rise Again as It Seeks to Kickstart Its Uptrend

Therefore, while there is no volatility in the market, momentum is gradually being generated. When the buyers come to full strength, then there should be drastic movements, which will bring about an increase in volatility, helping the market rise aggressively through the levels to reach $352.10.

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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.