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Quant (QNTUSD) Buyers Are Gaining More Grounds

Johnathon Fox
10/25/2023 | UPDATED ON: 10/25/2023

Quant Price Forecast: October 25
QNTUSD price remains bullish and buyers are also gaining more ground driving the coin prices towards the upper high level. The coin price at the moment is currently increasing and showing positive signs above the $94.39 supply value. If the coin holders could prove stronger and the price shows sustainability above the $112.48 previous high value, its, upside moves could extend further to reach a $116.00 high level and beyond.

Key Levels:
Resistance Levels: $94.00, $95.00, $96.00
Support Levels: $85.00, $84.00, $83.00

QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD pair is positive and portrays a bullish market trend in its long-term outlook. Buyers are confident about gaining more ground and this confirms their high impact in the market at the present.
Quant (QNTUSD) Buyers Are Gaining More Grounds
Pressure from the bulls to the $94.69 supply value during yesterday’s session has sustained the coin price above the supply trend levels in its recent high.

The momentum continues today as the bulls made a corrective move to a high at the $96.43 mark above the EMA-50 as the daily chart opens today. This shows the high impact of the buy investors on the Quant market; likewise, the downside risk remained uncertain.

If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines at $112.48, further bearish sentiment will be hibernated.

Additionally, if the buy traders manage to break above the $112.48 previous supply trend line, the market participants may witness a new recovery rally and this may drive the QNTUSD price to reach the $116.00 high mark soon as the bulls aim at gaining more grounds in its higher time frame. This signals a BUY trade again in its medium-term perspective.

QNTUSD Medium-term Trend: Bullish (4H chart)Quant (QNTUSD) Buyers Are Gaining More GroundsQNTUSD Buyers Gaining More Grounds
Despite the interference of short-term traders in the price flow, the Quant market on the medium-term outlook shows a bullish race. The coin price can also be seen progressing upward above the EMA-50. This shows that buyers are currently gaining more ground in the market.

The high buying pressure to a $94.62 value in the past action has sustained the coin price above the resistance level in its recent high.

Today, the bulls made an upward move to the $95.17 high value above the EMA-50 as the 4-hour chart opens. The QNTUSD price looks promising as the bulls remain dominant and gaining more ground in the market at the moment.

Similarly, trading above the moving averages will enable the market value of Quant to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $116.00 resistance level might be reached soon as the bulls keep gaining more ground in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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