Quant Price Forecast: QNTUSD Is Persistently Pushing Upward

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RESULTS

Quant Price Forecast: January 22

The Quant price forecast is for the market to remain persistent in reaching higher price levels.

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

Key Levels:
Zones of supply: $155.70, $222.70, $260.00
Zones of Demand: $42.40, $88.70, $125.25

The Quant buyers are not relenting in their pursuit of a higher price level. Things have been going according to plan as the price has pulled back to receive support. It is now driving upward. Much more, the price is undulating between the Bollinger Bands on the 4-hour chart, to push away every form of weariness and attain its target of the $155.70 significant level.

Quant Price Forecast: QNT/USD Outlook

The Quant market is pumped to reach higher price levels. Buyers have been encouraged to push for higher prices since it exited the consolidation zone between $101.30 and $125.25.

After a continuous lunge away from the $125.25 former resistance level, the market then pulled back to the same former resistance to receive support. Afterward, the coin bounced off to continue its rally.

The market remains pumped and is currently trading close to the target level of $155.70. In so doing, the price is trading at the edge of the upper Bollinger Band and stretching it further upward.

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

The position of the EFI (Elders Force Index) power line above the zero level on the daily chart shows that the buyers are well in control of the market. Even the retracement back toward $125.25 didn’t make the line drop below the zero level, but it did on the 4-hour chart. Nevertheless, the coin has risen back above the zero level.

The movement of the price within the Bollinger Bands on the 4-hour chart is more of an undulating one. This is helping the buyers generate momentum to push further forward toward $155.70 as bearish pressure gradually starts to set in. The market will target breaking the $155.70 level and then gain support from the level before rising higher.

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