Quant Price Forecast: Quant buyers are building up from $117.60

Azeez Mustapha

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Quant Price Forecast: March 17

The Quant price forecast is for the coin to keep building its market from above the $117.60 significant level.

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

Key Levels:
Zones of supply: $131.00, $142.10, $153.50
Zones of Demand: $117.60, $107.40, $96.90

COINBASE:QNTUSD Chart Image by michaelfaniyi42

In the ongoing tussle for dominance in the market, the Quant buyers are currently prevailing. The Quant market, once again prevented a drop to $96.90 and instead has managed to claw up to the $117.60 significant level. The further upward movement was rejected at $142.10, leading to a drop back to the $117.60 level. Nevertheless, the buyers have wasted time trying again as the price restarts a rally from the support level.

Quant Price Forecast: QNT/USD Outlook

Quant buyers are establishing a strong presence in the market, initiating a rally from the $117.60 support level.

The ongoing market dynamics show that the market has faced resistance at $142.10, which prompted a temporary retracement.

Nevertheless, the buyers have wasted no time in resuming their upward momentum from the crucial support level.

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

Crypto signals that the price trend aligns with the Moving Average (MA) period 20, facilitating a climb above the $117.60 level and maintaining its position above it. Additionally, the Stochastic Oscillator lines have swiftly ascended from the oversold region, settling above the 50 mark and indicating a bullish bias in the current market sentiment.

COINBASE:QNTUSD Chart Image by michaelfaniyi42

Analysis of the 4-hour timeframe reveals further insights into the market’s trajectory. The MA period 20 rises higher, surpassing the candlesticks and reinforcing the bullish momentum as the price trades above it. Meanwhile, the Stochastic Oscillator lines exhibit a range-bound movement across the chart, transitioning from oversold to overbought levels. This reaffirms the dominance of buyers, who are expected to sustain their momentum in the near term.

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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.

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