Quant (QNTUSD) Aims to Surpass the $450.000 Supply Mark

Quant Price Forecast: October 28
QNTUSD just broke out and it’s about to break through strong resistance at the $250.00 mark. Quant (QNTUSD) aims to surpass the $450.000 supply mark. However, if the coin price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance mark at the $450.00 level and beyond.

Key Levels:
Resistance Levels: $233.00, $234.00, $235.00
Support Levels: $173.00, $172.00, $171.00

QNTUSD Long-term Trend: Bullish (Daily chart)
With the inflows from the short traders, Quant prices still trade and remain in a bullish race in its long-term outlook. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.

The coin price at the $174.70 level which further increases to a $178.89 high level above the moving averages shortly after the resumption of the daily chart today indicate that bulls are more active in the market at the present.

However, closing this bullish pattern above the $255.00 supply trend line will trigger a genuine recovery rally and more intraday gains for the coin holders.

Further, more upsides are likely as shown by the daily signal, this indicates that the QNTUSD pair will continue to increase to the upsides and this may get to the $450.00 resistance trend mark soon in its long-term outlook.

QNTUSD Medium-term Trend: Bearish (4H chart)Due to the interference from the short traders in the market at the moment, QNTUSD is in a bearish trend move. The coin is really trying not to fall below the $173.87 support level.

Today’s 4-hourly chart at the $177.14 supply trend line slightly beneath the two EMAs shows there is a high buying pressure in the currency pair. Thus, if buyers could push harder the coin price may likely surpass the overhead supply trend line.

Also, the momentum indicator pointing up at around level 39% range of the daily stochastic, implies that the price action of the currency pair will continue an upward trend if the current support level at $172.37 holds, it is expected that the buyers will hit the key level of $450.00 resistance mark in the days ahead in the medium-term perspective.

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