Quant Price Forecast: April 24
The Quant price has just begun its bullish wave as the daily bullish candle reaches the $110.56 level attempting the resistance zone for an upward rally. The coin is open for bullish expansion, and if all support levels hold and resistance breaks out of the $153.83 level, we can see a further change in the price hitting the $160.00 upper resistance level, bringing an additional gain to coin traders.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $95.00, $94.00, $93.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant has just begun its bullish wave in its long-term view. Further, the price is trading below the supply trend level; which means that it’s in a bearish market zone at the moment.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $104.65 level during yesterday’s session, but it now appears like the bulls have started the bullish waves, and are set to take control and drive us upward.
The buy traders began the bullish wave today and caused a rise again in the price of Quant to the $110.56 resistance value below the moving averages as the daily chart opens today. This indicates more active buy traders in the price flow.
Meanwhile, if the bullish wave persists, a breakout above the combined resistance at the $153.83 level with a daily candle closing will signal a strong buy opportunity for interested traders.
In addition, under the influence of this new bullish wave, the price of Quant price could rise steadily soon and break up the previous high of $153.83 level to reach the $160.00 resistance level in the coming days as we watch the crypto market turns strongly bullish in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD pair is positive and portrays a bullish market as the coin begins its bullish wave in its medium-term outlook. The price responded to the shift in the market structure and is currently above the moving averages.
The coin has been having a series of higher highs and higher lows from the past session which has made it possible for the bulls to retain the strength in its recent high.
The bullish wave made a touch at the $109.12 supply value above the moving averages as the 4-hourly chart resumes today. This will encourage the buy traders to invest in the crypto, as possible future gains are certain. Sustaining this level could pave the way for the Quant price to aim for a higher resistance at the $142.57 level.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD may continue with the bullish wave. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $160.00 supply value in the next days in its medium-term perspective.
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