Quant Price Forecast: QNTUSD Shakes Off Bearish Pressure for Price Rise

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RESULTS

Quant Price Forecast: March 14

The Quant price forecast is for the coin to shake off the bearish pressure that has held down the price in the flag formation for a massive price increase.

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 demonstrating great bullish potential. The formation of the flag formation has begun to yield an outcome. The buyers have been significantly strengthened and have breached a strong resistance point. Once the lingering bearish pressure is shaken off, Quant is anticipated to have a massive price increase to $155.70.

Quant Price Forecast: QNT/USD Outlook

The Quant market has succumbed to the downward flow of price in a flag formation. This is because the flag formation is a bullish reversal pattern. Therefore, it is expected to yield a massive price increase in the end.

This is beginning to happen as the market descends past the $125.25 significant level towards the $101.30 level. The price has now bounced off the lower border of the flag and also breached the upper one.

Currently, QNTUSD is trying to shake off the influence of the $125.25 key level, which will result in a massive price increase. The Stochastic has thus far risen strongly from the oversold region to the overbought border.

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

At the same time on the daily chart, the buyers have demonstrated great bullish intent by breaking out at a strong consolidation point, which comprises the upper border of the flag, the $125.25 key level, and the MA period 20 (Moving Average). On the 4-hour chart, the MA period 20 is already acting as a support for the price.

The Stochastic Oscillator shows more progressive movement in the market on the 4-hour chart. The lines have thus far risen to the overbought border and are currently fluctuating there, waiting for the coin to shake off the bearish pressure lingering on the market. This will result in a massive price increase to $155.70 and beyond.

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