Quant Price Forecast: March 4
The Quant price is preparing for an upward move and may possibly reach the $350.00 high value. If the bulls increase their tension in the market, the price tendency will turn upsides and move above the key levels, thus, the $350.00 upper resistance level or beyond might be reached.
Key Levels:
Resistance Levels: $200.00, $220.00, $230.00
Support Levels: $119.00, $118.00, $117.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The momentum on the higher time frame is bearish. The price of Quant which is currently trading slightly below the two EMAs implies that the momentum in the price of the Coin is in a downtrend in the context of the strength of the market.
The sustained bearish pressure at the $125.00 support value during the previous action has kept the crypto’s price below the supply trend line.
Today’s daily candle at the $119.41 support value below the moving averages confirms the high inflows from the sell traders. Thus, buyers who traded the coin at this trend value will also make future gains.
In case the bulls try to increase their pressure, the resistance level of $227.00 may be tested which may be broken upside and beyond.
The QNTUSD is unlikely to fall again as the market now points up in the oversold region, this means that the pair may likely resume an upward trend if the current support level holds. The bulls are expected to push the market price of the Quant up to a $350.00 significant level soon in the long-term perspective.
QNTUSD Short-term Trend: Bearish (4H Chart)
QNTUSD is in a bearish market zone in the medium-term (4H). The price bar can be seen below the two moving averages.
The bulls caused a rise to a $123.77 high level as a pullback, indicating that buyers are coming in a grand style to dominate the market soon as the 4-hourly chart opens today.
However, the coin’s market value at a $123.77 high level below the moving averages will enable buyers to buy at a lower price.
The momentum indicator also shows that the market is oversold already, this will enable the buy traders to resume their upward move soon and take the price of Quant up to a high level of $350.00 and beyond in its medium-term perspective.
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