Quant (QNTUSD) Market is Set to Rise, Buy!

Quant Price Forecast: March 25
The Quant (QNTUSD) market is set to rise and will move higher above the current resistance level, watch out for buy. After testing the bottom support, a usual response would be a bullish reversal; if buyers should triple their efforts to forecast a bullish increase in the market above the $227.00 previous high level, the next target might be the $400.00 upper high level.

Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $108.00, $107.00, $106.00

QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price seems to have pullback a little but the overall trend is still bearish in its long-term outlook. The price in green can be seen below the two EMAs which are glued together, indicating a bearish trend.

Sellers were involved as the coin price was driven low to the $120.50 value during the previous action; this has made the coin price trade below the supply levels in its recent high.

The coin price on the daily chart today is currently facing resistance and trading at the $126.61 correction level below the moving averages. Based on the outlook, the market is set to rise, should the bulls push higher and close above the $227.00 high mark, a bullish breakout confirmation will reflect the improved market sentiment.

In addition to that, the daily stochastic also indicates that the QNTUSD price is in an upward trend. Thus, the closing of a candle above the aforementioned barrier will show a potential BUY if the coin purchasers could maintain the price above the $227.00 high mark. In light of this, the price may pump up or rise in the coming days to reach the $400.00 upper resistance mark.

QNTUSD Long-term Trend: Bearish (4H chart)QNTUSD is Set to Rise, Buy!
The influence of the sell traders has kept the medium-term momentum in a downward direction. The QNTUSD price is also seen underneath the supply trend lines. The coin price has fallen below the supply lines as a result of the short traders’ prior action at the $120.61 level.

Today, the coin made an upward move to the $126.61 supply value below the moving averages as the 4-hourly session opens. This indicates that the bulls are actually buying the coin and are also set to move the coin price to the overhead resistance value.

If the bulls should enhance their price action, and bullish momentum is sustained, the ongoing correction will be prolonged.

Similarly, further upsides are likely as the price signal is pointing upward, this means that the upward rally will still continue and may likely approach the $400.00 supply value in the days ahead in its medium-term outlook.

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