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

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


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

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

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.

Place winning Quant trades with us. Get QNT here

Note: Learn2.trade is not afinancial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.