Quant Price Forecast: April 17
The Quant market is currently experiencing bullish pressure. The price is approaching the crucial supply at the $153.83 level to build up its potential bullish rally. If the bulls could increase the current trend and push the coin price above the $153.83 previous resistance value, the potential rally may surge upwards to hit the key resistance level at $160.00 suggesting a substantial gain for the coin buyers.
Key Levels:
Resistance Levels: $106.00, $107.00, $108.00
Support Levels: $95.00, $94.00, $93.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair is approaching the crucial supply level as the bulls are actively reacting to the activities on the crypto market on the daily chart. The price responded to the shift in the market structure and is currently below the moving averages.
Pressure from the bears to a $85.13 low value on the 13th of April has made the coin price stay below the crucial level lately. However, there is about to be an outburst, as the coin price is approaching the crucial level to stabilize the bullish moves.
The bulls caused a rise again to the price of Quant at a $108.09 resistance value below the moving averages as the daily chart opens today. This indicates more active buy traders in the price flow as the crypto market price is approaching the crucial supply level.
Thus, should the bulls strive hard and close above the crucial supply level at $153.83, the ongoing recovery could lead the QNTUSD price to remain stable on the upside.
In addition, the daily stochastic suggests that the price of Quant will continue its up-north journey: as a result, the uptick trend may hit the $160.00 upper resistance level in the upcoming days as the coin is approaching the crucial supply level in its long-term view.
QNTUSD Medium-term Trend: Bullish (4H chart)
On the medium-term outlook, the coin price is approaching the crucial supply level with huge volumes from the bulls. The Quant pair is making its way up to the crucial supply level below the moving averages.
The bears’ impact on the coin to the $97.16 support level in the past trading session has made the coin price stay below the crucial supply level in recent times.
At the time of writing the article, the bulls made an impressive ride to a $108.09 resistance level slightly below the EMA-50 as the 4-hourly chart opens today, as the coin now approaches the crucial supply level. If additional buying power is added, the $150.00 crucial supply level will be retested soon.
Furthermore, as the Quant price is approaching the crucial supply level, the daily stochastic signals are also supportive by pointing in an upward direction. If the bulls could push harder and sustain the coin price above the $150.00 previous high, the resulting rally may reach the $160.00 upper resistance level in the days ahead in its medium-term perspective.
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