Quant Price Forecast: October 21
Today, the QNTUSD pair is about to make noise again in the crypto market after long hours of low dips. The coin is anticipating further jumps by sending a signal that the bulls are still strong. Amid the selling pressure the coin gave a bullish breakout from the $85.84 anticipating further jumps ahead. Meanwhile, the coin price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $112.48 barrier, then we can expect a good upside momentum up to the $120.00 upper supply level and a potential buy signal.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $90.00, $89.00, $88.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving average. However, this will soon be invalidated as the trend has just resumed its rising pattern anticipating further jumps but has not yet reached its goal.
The coin price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Currently, the Quant price is trading at the $85.84 supply mark below the EMA-50, showing a 2.29% gain for the day. The coin’s price has made an attempt to break out of a long-term trend line with an intense buying force.
The sudden jump in QNTUSD price projects a potential challenge to the resistance trend line. A potential bullish crossover above the previous high of $112.48 moving signal line projects a buy signal.
Notably, the market price of Quant is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $120.00 upper resistance level as the coin buyers are anticipating further jumps in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Anticipating Further Jumps
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders.
Quant is possibly making its way up while anticipating further jumps after hitting the $85.69 level to overcome support to signal a pump-up. It looks like the price will want to bounce up again in the medium term.
The sustained pressure from the sell traders to a $85.06 low value in the past action has slowed down the coin price in its recent price level.
Earlier today, the coin buyers responded to the market and pushed the QNTUSD price to a high at the $85.84 supply value below the EMA-50; this is an indication of more forces from the buy traders and bullish commitment.
Thus, if the buy traders could prove stronger and break the breakout above this level, the crypto could propel higher by 20% to hit the $92.96 previous high barrier.
Similarly, the Quant price is anticipating further jumps as the coin price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue.
In light of this, the bulls may likely touch the $92.96 high value in the days ahead in its medium-term outlook.
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