Quant Price Forecast: QNTUSD Is Poised to Test the $125.25 Resistance Level Again

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Quant Price Forecast: December 21

The Quant price forecast is for the price to rise aggressively to test the $125.25 resistance level again, to break through it.

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

Key Levels:
Zones of supply: $155.70, $222.70, $111.00
Zones of Demand: $20.00 $42.40, $88.70

Quant Price Forecast: QNTUSD Is Poised to Test the $125.25 Resistance Level Again

The Quant market is currently locked in a triangle structure. The price is seen to be tapering through the structure, with $125.25 as the resistance level and an ascending trendline acting as the support beneath the candlesticks. With the ascending trendline pushing the market from below, QNTUSD has been tugging violently at the resistance level. It is only a matter of time before the supply level weakens and is violated.

Quant Price Forecast: QNT/USD Outlook

A breakout from this phase of tapering through a triangle will see the Quant market skyrocket to higher price levels. The buyers have been at work, bouncing off the trendline to test the supply level.

The market is getting ready for another round of testing at the resistance level. The coin has pulled back towards the trendline and is preparing to spring back to the supply level.

The RSI (Relative Strength Index) indicator is just about to touch the oversold border when its tip bends sharply upwards. This suggests the price may already be rising to test the resistance level.

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

The lower Bollinger Band on the daily chart has been stretched downward due to the drop in price to the ascending trendline. The coin is now set to spring off this lower Bollinger Band as the price prepares to drive upward. This is already happening in the 4-hour time frame. The market has been helped upward by the lower Bollinger Band.

Quant Price Forecast: QNTUSD Is Poised to Test the $125.25 Resistance Level Again

The RSI line on the lower time frame is actively rising towards the middle line. This is showing that the bullish process continues in the market, and we can expect to see an upsurge in the price toward the resistance level to break through and rise toward $227.70.

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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.