Quant Price Forecast: Quant Price will continue to rally Upwards

Quant Price Forecast: October 31

The Quant price forecast is that the coin price will continue to rally after reaching the $161.80 support level.

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

Key Levels:

Zones of Supply: $128.10, $130.70, $228.30

Zones of Demand: $39.50, $86.80, 161.80

The Quant price’s bullish pressure has continued to accumulate since it was triggered at the $40.00 price level in July. Since then, the market has ranged between the lower supply and demand levels which peaked at $130.70.

Quant Price Forecast: QNT/USD Outlook

On October 14, the price touched the upper trading level of $161.80, and from there the price rose steadily till the QNTUSD price reached $228.30. It was, however, at this point that the price dived down to the support level below to generate the needed momentum to continue its rally. As the Parallel Channel highlights, the coin has been on a steady, gradual rise since July. However, the SuperTrend earmarks some points in September when the market consolidated.

The Parabolic SAR (Stop and Reverse) indicator, on the period 89 since July, hung below the daily chart candles. This shows that the market has been in the favor of buyers largely.

At the market’s current position, a reversal from the last wing is imminent. The Stochastic indicator has become oversold at the current market level, and buying action is expected to pump the price in the opposite direction.

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

The 4-hour chart shows a spike that moved the price from $161.80 to $172.00, the current price. This confirms the retest-and-reverse motive of the market.

The Average Directional Index has shown that the bearish pressure behind the current trend has waned. The Quant market trend will hence be expected to move on in the opposite direction to the last spike.

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