Quant Price Forecast: QNTUSD to Retest the $125.25 Level

Quant Market Forecast: January 3

The Quant market forecast is for the price to push up aggressively to test the $125.25 supply zone again and violate it.

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

QNTUSD is now attempting to reach the resistance level of its general consolidation zone at $125.25. In an attempt to hasten the process of the breakout, the coin made $115.00 the temporary resistance. However, the buyers are now ready to push back against the major resistance. That will give it the chance of a breakout to continue its bullish adventure.

Quant Price Forecast: QNT/USD Outlook

A violation of its current ranging channel will see the Quant market spring to higher price levels. Bulls are working tirelessly in the background to break the supply level by breaking through the $101.30 support.

The price is presently trying to push for a new round to test the resistance level. The coin has, for some time now, only been limited to the $115.00 mid-consolidation level, but it is gearing up to break it this time.

The MACD (Moving Average Convergence Divergence) has been below the zero level since the consolidation began on the daily chart. A return to the resistance line will position it for a positive value.

QNT/USD Medium-Term Trend: Bullish (4-Hour Chart)

The Parabolic SAR (Stop and Reverse) on the daily chart is also predominantly above the candlesticks. A switch to the lower candlesticks will confirm the market’s bullish drive. On the 4-hour chart, the Parabolic SAR alternates around the 4-hour candles; ranging between $115.00 and $101.30.

On the 4-hour chart, the MACD lines are undulating around the middle line, which is between a positive and a negative value. The lines are right about crossing the zero line into the positive value. Bullish histogram bars are already formed. When the price rises to touch the $125.25 resistance, the line will stay above the zero level.

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