Quant Price Forecast: March 16
The Quant price is rising at the moment and has built up a bullish momentum at the current price level of $142.99, highlighting a strong bullish trend in the cryptocurrency sector. The coin is on its way to the overhead trend levels and looks promising at the current resistance value. The coin price may rise to the $160.00 upper supply trend barrier if the bulls continue to advance and close above the $153.83 high mark. This would be a positive breakout confirmation that shows a better market sentiment.
Key Levels:
Resistance Levels: $140.00, $141.00, $142.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD market has built up a bullish momentum and remains bullish on the higher time frame. This is clear as we can see the prices trading strongly above the EMA-50.
The bulls’ activity at the $139.80 supply level during the past session has made the coin price build a bullish momentum and remain strong above the supply trend line in recent times.
The coin price on the daily chart today is currently facing the overhead resistance and trading at the $142.99 correction level above the moving average, pointing to a robust bullish momentum. Moreover, the increasing values provided additional evidence of a bullish rebound. Thus, maintaining a position above the EMA-50 suggests a high likelihood of a bullish correction.
Adding to that, the market price of Quant is pointing up on the daily stochastic means that the crypto may continue to build up the bullish momentum, in light of this, the expected upside move in the price could be high at $160.00 value soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The QNTUSD pair is building up a bullish momentum and also trading in a bullish market in its medium-term outlook. This is due to the high influence of the buy traders.
The coin was able to reach a high of $143.27 level in the previous action, this has enabled the crypto to build up a bullish momentum above the supply levels in its recent high.
At the time of writing this article, The bullish momentum hits the resistance level of $142.00 supply value above the EMA-50 as the 4-hourly chart resumes today.
However, the buy traders could not relent, as they aimed to build the bullish momentum further to a significant level at the upper resistance area.
However, the bullish correction at the mentioned resistance level may likely continue as indicated by the stochastic oscillator which is pointing in an upward direction.
As a result, the bulls’ next bullish momentum could reach a high at the $160.00 level at the upsides also in the future in its medium-term outlook.
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