Quant Price Forecast: March 29
The Quant (QNTUSD) price is on its way to the resistance trend line. The coin is set to face the positive side and this may continue. An increase in the bulls’ pressure may break up the $235.00 supply value and this may swing up the crypto’s price to a $400.00 and $450.00 supply trend lines and beyond.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $106.00, $105.00, $104.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
The market value of QNTUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from sell traders. The coin price can be seen below the two EMAs, indicating a downward trend. However, this trend will soon be invalidated as the buy investors are warming up to take over the market.
The market has been slowed down due to the interaction from the bears to the $122.68 in the previous action.
The bulls made a pullback to the $123.29 high mark below the two EMAs as the daily session opens today. This suggests that the bulls are buying at this level and are ready for an uptrend and as well as an indication that the buy traders are returning to stage a play in the market. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Similarly, the Quant price may likely continue its journey up to the new resistance trend levels as indicated by the daily stochastic which is pointing downwards in the oversold region of the daily signal. This means that the selling pressure is exhausted, thus, the upcoming bullish correction phase might possibly break up the $235.00 previous high to hit the $400.00 supply value soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD pair is in a downtrend in its medium-term outlook. The price bars are below the moving averages, this means that the pair is in a bearish market zone.
The involvement of the bears in the $122.68 support value in the past action however made the price trade below the trend levels in its recent high.
The smooth ride to the $123.29 high mark below the two moving averages shortly after the 4-hourly session begins today indicates the gradual returns and the high impacts of the bulls in the market at the present. Further, if the bulls could prove stronger and additional selling power is prevented the coin price may likely break above the $147.43 supply value soon.
In addition to that, there is a possibility of a bullish breakout as the market price of QNTUSD is oversold already. Therefore the bulls are expected to resume the bullish correction rally soon, if this is achieved, the coin price might possibly break up the $147.43 previous high which may likely reach the $400.00 high mark sooner in its medium-term perspective.
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