Quant Price Forecast: QNTUSD Will Rise After Bouncing Off Support Zone

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RESULTS

Quant Price Forecast: February 26

The Quant price forecast is for the market to continue rising towards the consolidation resistance level and breakthrough.

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

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

The QNTUSD coin is set to begin an ascendency after it drops to the market support level. The price is currently in consolidation as buyers gather investments to break out of the ranging cycle. The market will have an opportunity to test its strength against the consolidation resistance shortly as it seeks to begin a rise.

Quant Price Forecast: QNT/USD Outlook

The Quant market has been constrained to a range as the buyers seek to add more investors to rank to push beyond the $155.70 key level.

The support zone is stretching a bit higher than the $125.25 support level. The price first touched down on the support level before rising to test the consolidation resistance at $147.60.

The price has dropped again and is ready to bounce off the support zone. The coin is poised to re-ascend to the resistance level. The Stochastic lines show an imminent rise after plunging into the oversold region.

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

The Parabolic SAR (Stop and Reverse) dots still align above the daily candlesticks. A switch to the downside below the candles will confirm the rise of the market. On the 4-hour chart, there is already a switch of the Parabolic SAR dots to the lower side, but another dot has appeared on the upside. This shows that the coin may dig deeper before a final rise in price.

Still, on the 4-hour chart, the initial upward movement of the price already sent the Stochastic line soaring upwards to the overbought border. However, the drop in price means the Stochastic lines have dipped back towards the oversold border. The price is set to dig deeper and then push up out of the selling activity as the price ascends towards $147.60 to break it.

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