Quant Price Forecast: QNTUSD will rebound off the $155.70 support level

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Quant Price Forecast: October 25

The Quant price forecast is for the QNTUSD market to retest the level at $145.00 after the recent bout of balance between buyers and sellers.

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

Key Levels:
Zones of Supply: $145.00, $160.00 $226.40
Zones of Demand: $41.50, $88.70, $91.80
The Quant market, earlier in October, broke out of the symmetrical triangle, within which it has been moving since February. Buyers have since continued to push the coin’s price higher, as bullish pressure continues to accumulate.

Quant Price Forecast: QNT/USD Outlook

After the last swing reached its peak at $229.00, the market started to make for a retest. However, the bulls intercepted with a sharp impulsive move. Ever since there has been a struggle with sellers. This has culminated in the market being stuck in a symmetrical triangular motion. The coin price will be expected to make a breakout from this point.

The Moving Average indicator, especially during period 21, posits that the market remains bullish. The market has formed a series of bullish candles, despite the market’s retest motive. The market’s direction experienced a swift change from its previous direction after the MA indicators crossed earlier in September.

The Stochastic indicator shows that the sellers’ pressure is already weighing on the market. This is gradually pushing the market towards an oversold point. It should be noted that the bullish reversal that led the price up to its current peak was a result of the oversold market, which is at the support level of $91.80. So, the bearish pressure inserted into the market should bring about a similar effect.

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

On the 4-hour chart, the market appears to be consolidating. The consolidation has, however, narrowed the market into a symmetrical triangular pattern, from which an upward breakout is expected to occur.

The Stochastic lines are at a crossing point, indicating that the indicator is moving downwards. This appears to agree with the indication given on the daily chart that the market is moving toward an oversold point.

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