Quant Price Forecast: March 11
QNTUSD price could see another uptrend soon as the selling pressure increases to touch new highs. Therefore, if the bulls could trigger their forces in the market and exchange hands with the bears at the current support at the $121.60 level, the coin price might turn positive to retest the $153.78 previous high which could in turn hit the $160.00 upper resistance level and beyond. Hence, a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $128.00, $129.00, $130.00
Support Levels: $121.00, $120.00, $119.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant price could see another uptrend soon as the coin now approaches the oversold region on the daily chart. Further, the prices are trading above the EMA forming lower lows and lower highs; it’s in a bullish market zone at the moment.
The sustained bullish pressure at the 130.00 supply value in the past few days has made the crypto price remain above the supply trend levels in its recent low.
The bears resumed today and dropped the coin price to a $121.60 support level above the moving average. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact. Traders might seize this opportunity to invest in the coin now at a cheaper rate.
Hence, an upside breakout above the $153.78 mark with a daily candle closing will enable the QNTUSD price to see another uptrend and offer buyers a solid foothold to push the crypto price higher.
Additionally, the Quant price could see another uptrend soon as suggested by the daily stochastic which shows that the market is now approaching the oversold region. This means that the selling pressure will end soon.
This will compel the bulls to resume the bullish trend to retest the $153.78 supply level; therefore, the $160.00 resistance level could be reached in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The market price of QNTUSD could also see another positive mark as it trades in red above the supply level in its medium-term view. This is due to the high inflows of the sell traders.
The high bullish pressure on the crypto to a $124.91 high level in the previous action has led to the coin’s price remaining above the supply levels in its recent price level.
At the time of writing this article, the price action at the $122.78 low value above the moving average shortly after the opening of the 4-hourly chart indicates an uptrend in the context of the strength of the market. Thus, staying above the moving average will make it possible for the coin to see another uptrend soon.
Meanwhile, if the bulls should increase their price action, and the Quant price could sustain above the $135.55 previous high mark, further bearish sentiment will be hibernated.
Similarly, it is very likely for the coin price to see another uptrend and face the upside soon as the market is now approaching the oversold region, this means that the selling pressure will end soon. So we expect the new bullish correction rally to reach a $160.00 resistance value in the near days in its medium-term perspective.
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