Quant Price Forecast: QNTUSD Market Is Set to Restart Rally

Quant Price Forecast: November 3

The Quant price forecast is that a strong bullish trend will emerge soon as the price rebounds on the $147.40 support level.

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

Key Levels:
Zones of Supply: $86.20, $147.40, $227.60
Zones of Demand: $39.40, $86.20, 161.80
In the past couple of days, the Quant market has been moving towards an anchor zone to drag it back up again. The market, in reaching the higher high of $227.60, soon lost the momentum that drove it there in the first place. This is, therefore, the reason the market reversed to give room for more buyers at a lower price level.

Quant Price Forecast: QNT/USD Outlook

Since July, the QNTUSD market has been rising within an expanding channel. Within this channel, the market has almost always formed new highs with every lower trendline retest.

Within this channel, the market has almost always formed new highs with every lower trendline retest. However, there was an occasion, close to the beginning of August, when the price only retested the equilibrium price of the last market swing, but the market still had enough momentum to resume the bullish trend.

The Relative Strength Index indicates that the market is gradually heading to an oversold point. Considering that the market has some pips to move before it retests the nearest strong support level, the indicator by then would confirm the oversold state of the Quant market.

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

The True Strength Index lines, although still above the indicator’s signal line, have made a significant dive downward. This could confirm the oversaturation of the market by the bears.

The MACD indicators, as well, show that the coin has experienced a series of bullish reactions from the bulls. However, from the numerous market indications, the QNTUSD rate can be expected to spike.

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