Quant Price Forecast: QNTUSD is Pushing For High-Range Zones

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Quant Price Forecast: January 2

The Quant price forecast is for the market to transition to the upper half of its general consolidation channel. This will put the price in touch with the major resistance level at $125.25.

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

Key Levels:
Zones of supply: $125.25, $155.70, $227.70
Zones of Demand: $42.40, $88.70, $101.30

Quant Price Forecast: QNTUSD Moves to High-Range Zones

The Quant market is set to make some changes to adjust itself in consolidation and give it the best chances of a breakout to the upside. The market initially limited itself to rise to the middle line of $115.00, but it could not convert that level to its support, allowing it to test the $125.25 resistance level again. Consistent testing of the resistance is set to weaken it and lead to a breakout.

Quant Price Forecast: QNT/USD Outlook

QNTUSD has been caught in a ranging phase since mid-November last year. Several changes are occurring as the price attempts to break out.

The first major change is that the coin is limiting its movement to shorter strokes from the consolidation support level to the middle price line at $115.00. The coin is now gearing up to switch to the upper half.

Switching to the upper half, we will see the coin range between $115.00 as a support and the $125.25 support level. This will mean the RSI (Relative Strength Index) line may have to rise above the 50 mark as well.

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

Breaking into the upper half of the consolidation channel will also mean the price will have to trade above the MA period 25 (Moving Average) on the daily chart, which is currently acting as a resistance alongside the $115.00 price level.

Quant Price Forecast: QNTUSD Moves to High-Range Zones

The changes are already beginning to take place on the 4-hour chart. Presently, the latest candles of the Quant market are above the MA period 25. Meanwhile, the RSI line has broken above the middle line. The market is now likely to aim for the $125.25 resistance level, and the goal will be to break through it.

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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.