Quant Price Prediction: Accumulation Reaches Maturity for a Breakout 

Quant price Prediction is for a market breakout as the price accumulation in a triangle reaches maturity.

Zones of supply: $155.70, $227.70

Zones of Demand: $101.30, $125.25

Quant has matured from its bullish flag reversal formation but is yet to shoot upward as anticipated. The bulls have taken steps to make sure Quant fulfills its bullish potential by structuring the coin into a symmetrical triangle system, which is expected to pump the coin toward the $155.70 resistance level. The accumulation of the price in the triangle is now reaching maturity, and the market is set for a breakout.

The Quant market recently matured from a flag market structure, which is a bullish reversal structure. The coin was anticipated to take off after exiting the structure, but the sellers found a way to pin the price down.

As a result, the buyers have set up the market in a new formation—a symmetrical triangle. This gives the coin an equal opportunity to still fulfill its bullish potential.

The price has thus been accumulating in the triangle formation since the 14th of March, and presently the accumulation seems mature. The Stochastic lines, which have been ranging in the middle of the range since last week, are expected to shoot toward the overbought region.

The EFI (Elders Force Index) power line is equally around the equilibrium level, but there is a marginal shift to the negative value. This is due to the current pressure on the market. This is expected to change when the price breaks out from the current structure to the upside. On the 4-hour chart, the EFI reflects the bearish pressure on the market as described above.

The Stochastic Oscillator lines on the 4-hour chart remain at the mid-level. This shows the situation of the market as the price accumulation reaches maturity. The price is expected to break out to the upside and then surge further towards the $155.70 resistance level to break that also.

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