Quant Price Forecast: QNTUSD Slices Through Consolidation

Quant Price Forecast: January 12

The Quant price forecast is for the coin to break through more barriers and reach higher price levels after a breakthrough at the $125.25 significant level.

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

Key Levels:
Zones of supply: $125.25, $155.70, $227.70
Zones of Demand: $42.40, $88.70, $101.30

The Quant market has successfully moved from a ranging to a bullish phase. The ranging phase lasted for more than 2 months, from November 2022 to January 2023. The bulls have now skillfully altered that trend by surging past the $125.25 consolidation resistance level today, the 13th of January. The result is that, now that the barrier of the consolidation zone has been broken, the price will not shoot further higher.

Quant Price Forecast: QNT/USD Outlook

Quant has been cranking through its consolidation zone, with $125.25 as the general resistance level. Buyers kept trying to build momentum for a breakout. This was effectively done below the $115.00 mid-consolidation line.

The coin confined itself below the $115.00 mid-consolidation line. At this place, it was able to use shorter movements to generate more momentum. The outcome is that the market broke the $115.00 level and has now done the same for $125.25.

As a result, the buyers have taken control of the market and have completed a breakout from the resistance level. The MACD (Moving Average Convergence Divergence) lines have crossed upward with bullish bars to support the uptrend.

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

The EFI (Elders Force Index) indicator on the daily chart has not shown a significant shift, but the line has shifted above the zero level to show a more definite switch of market control. There is, however, a significant rise in the EFI power line on the 4-hour chart to show bullishness.

The MACD on the 4-hour chart is strongly demonstrating the bullishness in the market as the line rises highly above the zero level. The Quant market is now expected to hold above the $125.25 significant level and then rise from there.

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