Quant Price Forecast: QNTUSD to Use Bullish Structure to Break Into the Upper Half of Its Consolidation

Quant Price Forecast: January 4

The Quant price forecast is for the coin to break the $115.00 resistance level into the upper half of its general consolidation zone.

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

Key Levels:
Zones of supply: $111.00, $125.25, $227.70
Zones of Demand: $42.40, $88.70, $101.30

The Quant market is now actively seeking a way to break above $115.00 into the upper half of its general consolidation zone. It is now using a double-bottom bullish structure to accomplish this. The last line of the structure is being formed, which will rise to test the resistance. A successful outcome in this will see the market break out into the upper half.

Quant Price Forecast: QNT/USD Outlook

The Quant market has restricted its movement to the lower half of the range zone. It has stayed at the this level of the consolidation zone, building momentum.

Momentum has been building, and the price is ready to break to the upper half of its consolidation zone, where it will then try to break the $125.25 resistance level.

QNTUSD has formed a double-bottom pattern to break the $115.00 resistance. The last line of the structure is currently being formed and already has the MA period 14 (Moving Average) aligned below it.

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

The EFI (Elders Force Index) power line has been oscillating below the zero level, but as the last line of the double-bottom bullish structure is being formed, the line has made a definite rise in an attempt to climb above the zero line. On the 4-hour chart, it has well risen above the zero level into a positive value.

On the 4-hour chart, the MA period 14 is also acting as a support line for the candlesticks. Therefore, the market is on an uptrend to breach the $115.00 resistance. If successful, the coin will be fired up to reach the $125.25 resistance, breach it in the same stride, and then rise even higher.

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