Quant Price Forecast: September 25
QNTUSD is now set to retrace to a higher resistance mark and the potential upswing may likely revisit the above-mentioned supply. The coin gave a bullish breakout from the $91.37 on the daily chart suggesting buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $133.79 previous high level, the potential rally could surge higher to hit the $200.00 resistance point and beyond.
Key Levels:
Resistance Levels: $110.00, $115.00, $120.00
Support Levels: $91.00, $90.00, $89.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The QNTUSD pair portrays a bearish market trend in its long-term outlook. The coin shows a high momentum V-shaped recovery from the $88.16 support and its potential upswing could revisit the $133.79 supply level soon. The crypto price has been slowed down due to the bears’ pressure to a $88.16 low value in the past few days.
The coin price on the daily chart today is currently facing the resistance trend level and trading at the $91.37 high value below the EMAs. Thus, traders who buy the coin during the bearish market will also make gains in the future.
However, a high rejection at the current support reflects long traders having started booking their profits. Therefore, a daily candlestick closing above the $133.79 mark is important to confirm a bullish breakout.
In addition, the price of Quant now trades in the oversold region, this will compel buyers to emerge and swing the price up and this may possibly lead the crypto price to revisit the $133.79 high level soon in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Revisit the $133.79 Supply Level
The market price of QNTUSD is currently trading in the bearish market zone. This is due to the high inflows of the sell trades. However, the bulls are ready to turn around the market and the potential upswing might revisit the $133.79 neckline soon.
The bearish pressure at the $89.66 support level in the past few hours has made the coin stay below the supply trend levels in its recent low.
Actions from the bears further smashed the crypto price down to the current price at a $89.60 low level. With this trend, investors can buy at a low price while moving the coin market forward.
Further, the pair is pointing up on the daily stochastic. It indicates that the market price of Quant could turn up any moment from now, and because of that the coin is swinging to the upside soon and the potential upswing could revisit the $133.79 high level soon in its medium-term time frame.
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