Quant Price Forecast: October 27
QNTUSD is positive and also set to be stronger in the coming days. Quant (QNTUSD) More Upsides Possible, Watch for Buy! Once the coin price breaks the previous swing high at a $235.000 value, it is likely to go up toward the $400.000 upper resistance trend line and beyond.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $172.300, $172.200, $172.100
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant looks bullish on the daily chart. The market price is in favor of the buy traders at the moment as the price bar can be sighted above the moving averages which are fanned apart. This implies an uptrend and a bullish market which connotes a buy signal as well.
The long traders made a promising move to a $183.259 high mark above the two EMAs as the daily session resumes. This indicates that buyers are manipulating the price at their disposal; this also gives room for a more bullish impact on the crypto market.
Hence, the QNTUSD pair is still in an ascending phase and the corrective movements are continuing as indicated by the price indicator. Thus, this bullish rally may likely extend to the $400.000 upper trend line in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Will Move Higher
The high impact from the bulls has made the QNTUSD price sustains above the supply trend line in its medium-term outlook. This implies that the coin is in a bullish trend.
The price action at a $183.259 supply value above the moving averages which are glued together shortly after the opening of the 4-hourly chart indicates a high buying level from the bulls.
Additionally, the price of Quant indicates an uptrend on the daily stochastic. This suggests that the bullish pattern may continue and it might possibly extend to the $400.000 resistance mark soon in its lower time frame and as such potential buy signals plus a turnaround for the coin buy traders.
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