Quant Price Forecast: March 20
Amid the current correction trend in the crypto market, the Quant price now holds above the $134.00 supply level. This offers buyers an opportunity to replenish the current bullish potential. The coin price can increase further if the bulls should defend the selling pressure at a $120.30 low level and close above the $153.83 high point. This may increase the crypto price to a $160.00 upper high trend line, signaling the potential for further increase.
Key Levels:
Resistance Levels: $134.00, $135.00, $136.00
Support Levels: $118.00, $117.00, $116.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish and holds above the $134.00 supply levels on the higher time frames. This is clear as we can see the prices trading above the EMA-50. This is due to the high impact of the buy investors. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The high order flow from the bulls at the $130.15 resistance level during yesterday’s session also enables the coin price to hold above the supply levels in its recent high.
At the time of writing this article, the momentum continues and holds above the supply level at $136.31 as the daily chart opens today. This shows the high impact of the buy investors on the Quant market; likewise, the downside risk remained uncertain.
Sustaining this level could pave the way for the crypto to aim for a higher resistance at the $153.83 level. Additionally, the coin price may continue to hold above the supply levels as indicated by the daily stochastic which remains in an uptrend.
The bulls could therefore aim at the psychological level of $160.00 resistance value in the days ahead as the crypto price holds above the supply levels and maintains its bullish race in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Holding above the $130.00 Supply Levels
The Quant price can be seen progressing upwards and also holds above the $130.00 supply levels in the medium-term view. Further, the coin is trading above the moving average of 50 approaching the upper resistance level.
The persistent bullish action on the crypto has made the coin price hold above the supply levels in its recent high.
The bulls caused a rise to the $136.31 high level above the moving averages as the 4-hourly chart opens today. This indicates that the traders are actively buying at this level.
Hence, should the buying pressure persist, and the coin price holds above the $147.32 high mark, the ongoing recovery could lead the market price of QNTUSD to remain stable at the upside and stop any further bearish moves.
Furthermore, the market is pointing up on the stochastic oscillator; this will quicken the emergence of more buyers to move the price up to a significant level on the upside and this might hit the $160.00 supply trend mark as the Quant market continues to hold above the supply levels in its medium-term time frame.
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