Quant Price Forecast: QNTUSD Is Rising to Test the $125.25 Supply Level in Consolidation

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Quant Price Forecast: December 27

The Quant price forecast is for the price to keep rising towards the supply level of $125.25. The coin will attempt to violate the level after testing 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

QNTUSD is very likely to put an end very soon to its ranging phase and push to reach the former resistance level at $227.70. The price is rising to test the resistance level as the coin is still under consideration. However, with rising momentum and volatility, the buyers might just be able to violate the $125.25 consolidation resistance and then set off for $227.70.

Quant Price Forecast: QNT/USD Outlook

There is presently an upward movement for the market in terms of the consolidation. The price has just bounced off the support level at $111.00 and is rising to touch the resistance level at $125.25.

The buyers can come back to do more than just test the resistance level. They will attempt to violate the level, as in previous times. If this is successful, this will put an end to price accumulation.

The end of price accumulation will effectively put the market in the hands of buyers. The Momentum indicator shows the market’s momentum has begun to increase.

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

The ATR (Average True Range) indicator on the daily chart does not indicate any change in volatility, despite the steep rise in price. This is quite different on the 4-hour chart. There’s been a sharp upturn at the tip of the ATR indicator. This shows that volatility is gradually building as the coin rises to the resistance level.

The Momentum indicator has witnessed a tremendous increase since the market started rising toward the resistance level. The price is expected to take advantage of the simultaneous increase in the market’s momentum and volatility to strike hard at the resistance level to violate it and go on to reach $227.70.

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