Quant Price Forecast: QNTUSD Is Pushing Against the Upper Bollinger Band as It Seeks a Breakout

The Quant price forecast predicts that the price will continue to push against the upper Bollinger Band.

Key Levels:

Zones of supply: $155.70, $222.70, $428.00

Zones of Demand: $20.00, $42.40, $88.70

The QNTUSD market is seriously pushing for a breakout, and that could become a reality anytime from now. The coin is currently confined to a tapering movement in a triangle, and the upper Bollinger Band is aligning with the resistance level of the triangle. A breakout beyond the resistance level is expected very soon, and this will also stretch beyond the upper Bollinger Band.

The Quant market has been making upward progress since dropping to the $42.40 support level. As a result, the market’s highs and lows continue to rise. The coin, however, encounters resistance at $227.70.

The rejection encountered has only a little impact on the market’s buyers. Right now, the coin is accumulating in a triangle and preparing for an aggressive breakout.

The Bollinger Band is aligning with the resistance level of the triangle. The market, having risen above the middle line, is now prepared to break out and stretch the upper Bollinger Band.

Also on the daily chart, the EFI (Elders Force Index) chart shows that the power line has recovered back into a positive value after the rejection that dropped the market from the $227.70 resistance level. On the 4-hour chart, the power line has recovered from the drop and is undulating around the positive values.

The Bollinger Band is more aligned and squeezed to the candlesticks as they taper in the triangle on the 4-hour chart. When the price accumulation becomes mature, the market is expected to stretch the upper band and break the resistance level. The market will aim to break the $227.70 resistance level and reach higher heights.

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