Quant Price Forecast: March 2
The Quant price could see another bullish rally soon as the crypto is set to face the resistance levels. We could likely see a further shift in the price to retest the $235.000 high value if all the support levels hold in place. If the investors could prove stronger up the more the coin price may further extend to the $300.000 resistance trend level and beyond.
Key Levels:
Resistance Levels: $200.000, $220.000, $230.000
Support Levels: $120.000, $119.000, $118.000
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant is in a bearish trend in its long-term view. Although the bears are now involved in the order flow, it seems that the bulls are about to take over and push us higher.
The order flow by the sell traders at the $123.767 low value in the previous action has made the coin price reduce a bit in price.
The crypto rebounded from the mentioned support with a bullish candle at the $126.700 supply value. This indicates a genuine reversal which may attempt the $235.000 level breakout. Further, investors may seize the opportunity now and buy the coin at a lower price and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of QNTUSD indicates an uptrend in the oversold region of the daily stochastic. This implies that the coin will resume an uptrend soon, so we can now grow in confidence that a potential buyer is coming near.
The price jump could hit the$300.000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Could See another Bullish Rally Soon
The QNTUSD pair is in a bearish movement zone in its short-term outlook. This is due to the inflow from sellers. Further, the price is gathering momentum and has decided to face the upsides to achieve more gains.
Just after a few minutes after the opening of the 4-hourly chart, the bulls made a correction at the $126.700 supply value to resume its uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
The pair is pointing upwards at around the 20% range of the daily stochastic. It indicates that the Quant price is now in the oversold region of the market. It implies that the selling pressure has ended. We will now be looking into the emergence of buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the$300.000 supply level soon in its medium-term time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply