Quant Price Forecast: March 4
The Quant (QNTUSD) is on its way to the overhead trend levels and looks juicy for bulls at the $126.53 daily resistance value. Based on the outlook, the coin may likely continue with the high hike provided buyers add more actions to their buying momentum in the market. The coin might turn upsides further to hit the $160.00 high level and beyond which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $124.00, $125.00, $126.00
Support Levels: $98.00, $97.00, $96.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD market remains bullish and looks juicy for the bulls on the higher time frame. The coin price is trading above the EMA-50 approaching the overhead resistance with huge volumes from the bulls. Thus, the recent market structure looks juicy and has favored the bulls.
The bulls’ activity at the $124.14 supply level during yesterday’s session has made the coin price remain strong above the supply trend line in its recent high.
At the time of writing, the Quant price on the daily chart today is currently facing resistance and trading at the $126.53 correction level recovery above the resistance level.
The current market price action looks juicy for the bulls; hence, staying above the EMA-50 indicates a strong possibility for a bullish correction.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels at $153.78, resulting in an intraday gain for the coin traders.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for bullish growth and may continue to look juicy for bulls, in light of this, the price of QNTUSD might hit the $160.00 supply trend mark, thus registering the best crypto signal and a buy signal for coin traders soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
Quant is in a positive movement today. The price is strongly trading in a bullish momentum and also looks juicy for the bulls in its medium-term time frame.
This looks nice for the long-term trader and signifies a buy signal. The pair is in a smooth uptrend as can be seen from the chart above.
Pressure from the long-term traders at a $126.82 high value in the previous action has sustained its upward stability in its recent high.
The market price of QNTUSD which pulls back at $123.56 and increases to the $124.97 high level above the moving averages suggests an uptrend in the context of the strength of the market.
Thus, closing the 4-hourly session above the $129.00 supply value will put the trade more on the buy side and look juicy for the bulls.
Additionally, the daily stochastic indicates an uptrend, hence, there is a tendency for the Quant price to rise further, if the support level at $120.25 holds, this will enable buyers to take the coin price up to a high of $160.00 soon as the market looks juicy for the bulls in its medium-term perspective.
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