Quant (QNTUSD) Price Is on Its Way to New Supply Trend Levels

Quant Price Forecast: March 22
The Quant (QNTUSD) price is likely to grow more and is an opportunity for long investors as the coin price is now on its way to new supply trend levels. Having finished the downward correction, the crypto might likely continue its upside move. If the current support at the $127.22 value holds, and the daily chart closes above the $235.00 resistance level, then there is a high probability of the coin price reaching the $400.00 upper supply trend line.

Key Levels:
Resistance Levels: $230.20, $230.30, $230.40
Support Levels: $118.00, $117.00, $116.00

QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the two EMAs which are glued together. This is an indication of an uptrend.

The bullish reversal at the $135.79 high value in the previous action has sustained the crypto above the trend line in its recent high.

The coin price found a reliable resistance at the $133.19 value above the supply trend levels as the 4-hourly session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.

Similarly, the QNTUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. In light of this, we can therefore expect the upcoming bullish correction phase to reach a high at the $400.00 value soon as the Quant price approaches the new supply levels in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Approaches a New Supply Trend Levels
At the time of writing, QNTUSD is trading in an uptrend. The prices are above the moving average lines and have confirmed a bullish momentum breaking the previous high at $125.92 value.

The market price of Quant has just broken up the two EMAs at the $132.99 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further to a new supply trend level.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $146.53 previous high, the resulting rally may surpass the $235.00 level and hit the $400.00 psychological level at the upside in the day ahead in its medium-term perspective.

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