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Quant (QNTUSD) Price Begins Bullish Action

Johnathon Fox
09/09/2023 | UPDATED ON: 09/09/2023

Quant Price Forecast: September 9
It is actually time for the QNTUSD to grow again as it began its bullish action. The pair is possibly making its way up after hitting the $99.70 high mark to signal a pump. The bull race may likely continue all the way into the key psychological level of $300.00 supply value and beyond before we see any signs of buyers slowing down if the buy traders should put more aggression into the market.

Key Levels:
Resistance Levels: $110.00, $115.00, $120.00
Support Levels: $96.00, $95.00, $94.00

QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the inflows from the sell traders at the time of writing, QNTUSD has just begun its bullish action and it is now trading in an uptrend in its higher time frame making higher highs and moving towards its major resistance.
Quant (QNTUSD) Price Begins Bullish Action
Bulls acted bravely during yesterday’s session by pushing the price of Quant to a $100.65 high value which enhanced the crypto price to remain strong above the supply trend levels.

Actions from the buy trader further pushed the coin price up to the $101.03 supply level above the EMA-9 as the daily chart resumes today. This actually tells that buyers are trading the coin at this level.

If the bullish momentum persists, a breakout above this combined resistance with candle closing will signal a strong buy signal for interested traders.

Adding to that, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD will continue to rise. In light of this, it is anticipated that the bullish action may eventually hit the $300.00 supply value in the next few days in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)Quant (QNTUSD) Price Begins Bullish Action QNTUSD Begins Bullish Action
The coin is also positive in its medium-term time frame, trading above the moving averages as it begins its bullish action. The price opened lower but managed to trade in green over the past few hours.

After completing the low-dips at the $99.84 low value, the Quant price found a reliable resistance at the $100.93 value as a pullback above the two moving averages as the 4-hour session resumed today. This indicates the high bullish impact on the crypto.

Therefore, if buyers should add more aggression to their activities in the market, the $104.79 previous resistance level might be reached soon.

Similarly, the QNTUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. Hence the bullish action might drive the coin price to the $300.00 upper resistance level in the coming days in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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