Quant Price Forecast: QNTUSD Pushes Toward the $155 Level

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Quant Price Forecast: December 23

The Quant price forecast is for the coin to keep exerting bullish pressure on its way to rising toward the $155.70 supply level.

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

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $125.25, $88.70

Quant Price Forecast: QNTUSD Pushes Toward the $155 Level

The Quant market has just broken out of a prolonged consolidation, and the price has begun to exert upward pressure as it looks to reach the resistance level at $155.70. The expectation among the buyers is positive, and they keep increasing in the market. This is sure to help the price reach its target and even break the $155.70 key level.

Quant Price Forecast: QNT/USD Outlook

The buy-side remains dominant in the QNTUSD market. They are actively working to strengthen their hold on the price and push the coin aggressively to reach higher levels.

The coin is seen to first retrace to its former resistance level at $125.25. After which the price resumes its bullish foray. Currently, QNTUSD is trading close to the target level of $155.70.

The Momentum indicator shows a continued increase in the market’s momentum. This rise has started since the price started pushing against the consolidation borders.

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

The RSI (Relative Strength Index) was previously confined below the 50 mark. However, a breakout beyond the $115.00 consolidation mid-line set it free, and it has been rising higher and higher until it enters the overbought region. Nevertheless, there is a brief retracement, which drops it below the overbought borderline.

Quant Price Forecast: QNTUSD Pushes Toward the $155 Level

In the short term, the RSI line remains predominantly above the 50 mark to emphasize the progress the coin is making. Meanwhile, the Momentum indicator line is swinging wildly as the buyers attempt to retain their upper hand in the market. The coin will attempt to break the $155.70 key level.

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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.