Quant Price Forecast: April 13
The Quant pair is set for an upswing as it is making its way up to the resistance trend lines. Meanwhile, the coin price will rise significantly if all the current support holds and the bulls should trigger their efforts and break the $155.57 supply trend line, the bullish correction pattern may likely extend the coin price to hit the $160.00 high mark. Thus, a turnaround and a clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $114.00, $115.00, $116.00
Support Levels: $101.00, $100.00, $99.00
QNTUSD Long-term Trend: Bearish (Daily chart)
In the long-term outlook, the Quant price is set for an upswing as buyers have just reclaimed a crucial supply level. The price bars can be seen below the moving average. This is due to the high inflow of the sell traders.
The coin price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. Hence, the price is set for an upswing as the bulls are seen coming in and making a new correction.
Today, the QNTUSD price is set for an upswing as it rebounded from the $114.48 support value and pushed higher to the $116.84 supply level below the EMA-50 as the daily chart opens.
This indicates a genuine reversal which may attempt the $155.57 crucial supply breakout if the bulls could add more weight to their buying forces in the market.
A bullish impact by the buy investors toward the higher side is likely as indicated by the daily stochastic pointing in an upward direction, the bulls could therefore aim at the psychological level of $1.000 resistance value in the days ahead as Quant price set to reclaim new supply levels in its long-term perspective.
The Quant price is pointing upward at the oversold region. This implies that the price action is set for an upswing. The bulls could therefore aim at the psychological level of $160.00 resistance value in the days ahead in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)QNTUSD Price Set for an Upswing
The currency pair is trading in a bearish market in its medium-term outlook. The coin is set for an upswing and possibly making its way up to the resistance level to signal a pump-up. It looks like the price will want to bounce up again here.
The bears’ pressure on the coin to a $114.74 support level in the past session has contributed to its price drop lately.
The market price of Quant which increases to a $116.41 high level below the moving averages as the 4-hourly session opens today suggests that the coin buyers are set for an upswing and an improved bullish market sentiment.
However, the currency pair could grow further if the buy traders could add more forces and break up the $148.78 previous high level, maintaining a further upswing potential for the buy traders.
In addition, the QNTUSD pair is in an upward direction on the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $160.00 resistance value soon as the crypto price is set for an upswing in its medium-term time frame.
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