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Quant (QNTUSD) Price Is Rising Again

Johnathon Fox
04/27/2024 | UPDATED ON: 04/27/2024

Quant Price Forecast: April 27
The QNTUSD price is rising again. The pair is currently making a lot of effort to oppose sellers to stay above the $153.83 resistance level. If the bulls’ pressure breaks through this level, the coin price might rise to the $160.00 high mark and higher, resulting in intraday gains for the buy traders.

Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $90.00, $89.00, $88.00

QNTUSD Long-term Trend: Bearish (Daily chart)
Quant prices are rising again below the support level on the daily chart. The price bar can be sighted below the supply levels, indicating a bearish trend.
Quant (QNTUSD) Price Is Rising Again
The high order flow from the bears at the $105.92 low value during the last session has made the price action slow a bit in its recent price level.

Earlier today, commitment from the bulls now retraced the price of QNTUSD from the mentioned support to a $110.52 high mark below the moving average as the daily chart resumes. This suggests an uptrend in the context of the strength of the market and also shows that the coin price is rising, resisting the start of another bear cycle.

Adding to that, the daily signal remains in an upward direction. Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $153.83 supply level, this may eventually lead the Quant price to the $160.00 high mark in the coming days in its long-term perspective.

QNTUSD Medium-term Trend: Bullish (4H Chart)
On the medium-term view, the QNTUSD pair is rising again. The coin is on a bullish streak with a bullish posture. The trend has just resumed its rising pattern but has not yet reached its goal.
Quant (QNTUSD) Price Is Rising Again
Activities from the bulls to the $107.61 resistance value in the previous action have sustained the crypto’s bullishness in recent times.

The aggressive move by the bulls pushed the Quant price up to the $110.52 resistance value above the moving average lines as the 4-hourly chart opens today. This suggests that the crypto price is rising again and buyers have the market price at their disposal at the moment and may likely remain in the same direction.

Additionally, the coin price may continue rising as indicated by the daily stochastic which is pointing upwards, if the buy traders should increase their price actions, and bullish momentum is sustained above the $136.36 high mark, the Quant price may pump up to a significant level at a $160.00 resistance mark and beyond in its medium-term time frame.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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