Quant Price Forecast: April 22
QNTUSD price is attempting the next major growth following the current market upsurge after updating the low-dips. The coin is now poised for the upcoming bull cycle, and a swift increase is expected to follow soon. Therefore, an increase in bullish momentum above the $153.83 high mark will encourage the buy investors for a longer correction and this might reach a high at the $160.00 upper supply trend line.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $95.00, $94.00, $93.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is bearish on the daily chart. Meanwhile, the coin is attempting the next major growth at the moment. The price can be seen climbing up below the moving average line which confirms its bearishness. Thus, the bulls are attempting the next major growth and are ready to push us higher from this trend line.
Pressure from the bears to the $99.20 support level during yesterday’s session has dropped the crypto price below the resistance trend lines in its recent high.
When writing this article today, the Quant price made a pullback at the $104.13 high value which further increases to the $110.35 supply value below the EMA line as a correction phase with intraday gains.
Such lower price rejection indicates that buyers are defending this level and attempting the next major growth to push us higher. Thus, a strong push above the $153.83 supply level will offer a strong resistance to the crypto price.
In a like manner, QNTUSD is pointing upwards on the daily signal. This means that the coin price will continue its major growth and we can certainly expect more strength from the coin this may likely get to a $160.00 upper resistance mark in the days ahead as the coin is attempting the next major growth in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD is now bullish here. The coin is attempting the next major growth as can be seen from the chart below, finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The bulls have sustained the Quant market at the $109.32 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
The momentum remains in an uptrend despite the push from the short traders, the bulls made a touch at the $110.35 high mark above the EMA-50 attempting the next major growth as the 4-hourly chart resumes today. This trend pattern proves the impact of bullishness on crypto.
Further, the coin might jump towards the $150.00 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
In addition, the momentum indicator shows that the price of QNTUSD will still bounce up, so we expect the price distribution to reach the $160.00 supply level and beyond in the coming days as the coin price is attempting the next major growth in its medium-term outlook.
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