Quant Price Forecast: QNTUSD Rises After Retesting Channel Border

Quant Price Forecast: March 16

The Quant price forecast is for the coin to keep rising after it retests the upper border of its descending channel.

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 is now in the second stage of its bullish flag formation. The price has been trending downward in the flag movement. It is now time for the price to break out and kickstart its rally to a higher price level. The coin has done just this, and the price is expected to continue in the ascendency after it retests the upper border of the flag channel.

Quant Price Forecast: QNT/USD Outlook

The Quant market is already entering the second stage of its bullish flag formation. The price has fallen and hit the $155.70 resistance level.

The coin is now trying to break free of the flag after riding it close to $101.30. The candles have bounced off the lower border of the flag and broken out of the upper border and are now above the $125.25 key level.

Afterward, the coin stooped to retest the upper border of the descending channel, after which the price has begun an ascendency. The candles are being aided by the mid-line of the Bollinger Bands.

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

Meanwhile, on the 4-hour chart, the lower Bollinger Band gives firm support to the market, preventing it from sliding below it. The coin must now rise above the Bollinger Band’s middle line and stretch the upper Band. This will well and truly set the price of an ascendency.

The RSI (Relative Strength Index) line on the daily chart is also trying to rise above the middle line. However, on the 4-hour chart, the line has just crossed above the middle line of the 4-hour RSI chart. The buyers are expected to do more to drive the market into motion for free movement to a higher level at $155.70.

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