Quant Price Forecast: QNTUSD Reacts Positively to the $115.00 Confluence Point

Quant Price Forecast: March 28

The Quant price forecast is for the buyers to hike the price after giving the anticipated positive response to the $115.00 confluence zone.

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

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

Quant has broken out of the bullish flag reversal structure but is yet to take off to higher price levels. The coin has been blocked at $134.20 thus far. Nevertheless, the bulls have resorted to a trigger that will spring the price upward from the $115.00 confluence zone. At the confluence point, the market is reacting positively as anticipated, and we expect to see an upsurge in price to $147.60 shortly.

Quant Price Forecast: QNT/USD Outlook

The Quant market is below the $134.20 resistance level despite surging upward off its bullish reversal flag system. The price has since dropped lower in search of a trigger to push it up.

The price bypassed the $125.25 demand level to reach the $115.00 significant level. At this particular time, the $115.00 crosses the upper border of the descending channel, forming a confluence.

The confluence represents a point at which the price can shoot back upward. The market has responded by immediately showing a bullish candlestick.

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

The market is now confirming a triangle shape, and the MA period 30 holds above the candlesticks on the daily and 4-hour timeframes. The price will have to trade above the candles and break the upper border of the triangle to continue its bullish movement.

Also, the RSI (Relative Strength Index) line has not convincingly moved beyond the middle line since the breakout from the bullish flag structure, both on the daily and the 4-hour chart. The line has just bounced off the oversold border line on the 4-hour chart and is accelerating upwards again to test the midline with the aim of a breakout. By then, the coin will have breached the $134.20 resistance level.

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