Quant Price Forecast: QNTUSD Sets to Breach the $125.25 Level and Rise Higher

Quant Price Forecast: March 29

The Quant price forecast is for the market to breach the $125.25 significant level by springing out of a symmetric triangle pattern.

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

Key Levels:
Zones of supply: $155.70, $147.60, $134.20
Zones of Demand: $101.30, $125.25, $$115.00

The Quant buyers are on the verge of strengthening the market and pushing it beyond the impervious level at $134.20. The coin has bounced off the confluence point where the $115.00 significance is crossed by the upper border of the former descending channel. The price rises, and the indicators are in the buyers’ favor.

Quant Price Forecast: QNT/USD Outlook

Quant broke out of a bullish flag structure on March 14th. However, the buyers have not exactly influenced the market afterward due to the almost impenetrable $134.20 key level.

The coin has had to resort to a lower price to get the necessary trigger, empowering the buyers to push forcefully against the $134.20 resistance level. This occurred at the $115.00 confluence.

The price is on the ascendency after bouncing off the confluence point. As a result, the EFI (Elders Force Index) power line is now recovering above the zero level.

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

Even though the coin has embarked on an upward movement, on the daily chart, the Parabolic SAR (Stop and Reverse) dots have yet to confirm the bullish market as the dots still hang above the candlesticks. However, the Parabolic SAR has confirmed the change in a direction upward on the short time frame by switching below the 4-hour candles.

The EFI power line has reached equilibrium and is attempting to cross into the positive range. This will effectively swing the market in favor of the buy-traders, who are to keep powering the coin beyond $125.25 and then $134.20. When this happens, the market will be free to fulfill the bullish potential it has had since it broke out of the flag formation.

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