Quant Price Forecast: QNTUSD Price Awaits a Bullish Trigger Amidst Consolidation

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Quant Price Forecast: December 22

The Quant price forecast is for the market to end its sideways mobility and shoot higher when a bullish trigger hits the market. This is expected to happen soon.

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 Price Awaits a Bullish Trigger Amidst Consolidation

Quant is ranging through a channel after failing to break the resistance level after multiple tests. There was an instance when the coin rose above the supply, but there was no strength to hold it there. A drop back into the consolidation ensued, and ranging has continued. A bullish trigger is expected to force the price out of consolidation.

Quant Price Forecast: QNT/USD Outlook

QNTUSD has been locked in consolidation for more than a month now after it repeatedly failed to get the better of the $125.25 resistance level.

Currently, the price has dropped back to the support level, which seals the price from below as it continues to trade in a sideways movement.

The EMA period 14 (Exponential Moving Average) is hanging above the candles due to the current drop of the candles to the support level in consolidation.

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

Changes in momentum in the market on the daily chart have been generally slow and have been on the decline. This is shown by the Momentum indicator, which is fluctuating and has slightly dipped below the zero level.

Quant Price Forecast: QNTUSD Price Awaits a Bullish Trigger Amidst Consolidation

The EMA period 14 is still hanging above the price on the 4-hour chart, while the Momentum indicator on the same time frame has also been trading sideways with much volatility. As the range continues, the price is expected to rise again. The consolidation will eventually come to an end, and a bullish breakout is expected 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.