Quant Price Forecast: October 30
At the moment the QNTUSD market is trading in an uptrend, the price is ascending to the above-mentioned supply level. Should the bulls prove stronger and the coin price sustains above the $112.43 previous high level, the potential rally could surge higher or ascend to hit the $116.00 upper high mark and beyond.
Key Levels:
Resistance Levels: $106.00, $107.00, $108.00
Support Levels: $86.00, $85.00, $84.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The price of Quant is increasing and currently ascending to the upper supply level in its long-term view. Price is trading above the support of the price channel again. This however confirms the presence of a more bullish impact on the currency pair.
The consistent high buying pressure in the past few days actually adds to the bullish impact on the coin market in its recent high.
After the completion of the low dips at the $105.44 low value, the market value of QNTUSD spikes up to the $108.59 high level above the EMA-50 as the daily session begins today; this however indicates an uptrend in the momentum of the price of the coin.
If the trend continues, we might see the coin ascending to the previous supply trend line at the pattern at $112.43 level, presenting a potential opportunity for buyers.
Additionally, the price is ascending upward as indicated by the daily signal, if the buy traders should increase their price actions and all the current support level holds, a psychological key level at $116.00 at the upside might be reached soon in its medium-term time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Ascending to the $116.00 Supply Level
The QNTUSD pair is in an ascending channel in its medium-term perspective as can be seen undeniably from the chart. This means that the coin is in a bullish trend zone.
The strong push by the bulls to the $108.39 supply trend level during yesterday’s session has contributed to its strong bullish trend in its recent high.
The coin price at the $105.98 support value which is above the EMA-50 as the 4-hour chart opens today indicates an uptrend and more bullish impact on the coin. Thus, staying above the $105.97 value will make it possible for the coin price to rise further.
Additionally, there is a possibility of the QNTUSD price ascending further if the buy traders should increase their price actions and all the current support level holds, a psychological key level at $116.00 might be reached soon in its medium-term time frame.
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