Quant Price Forecast: March 18
The Quant (QNTUSD) price is on its way to the new resistance trend levels. In case the bulls should defend the selling pressure at the $119.922 level, an increase in the bulls’ momentum may breakup the resistance level of $235.000 which may increase the Quant price to the $450.000 upper high trend line and beyond.
Key Levels:
Resistance Levels: $200.100, $200.200, $200.300
Support Levels: $112.000, $111.000, $110.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD market remains bullish on the higher time frame. This is clear as we can see the prices trading above the EMA-9. The bullish reversal at the $125.920 high value about few days ago has sustained the crypto above the trend line.
The coin buyers responded to the market after the sell traders’ interruption in the preceding action, breaking out from the support trend line to reach a high above the EMA-9 at $125.328 supply, which demonstrates increased forces from the buy traders and a bullish commitment.
Hence, we have a bullish bias that the market value of Quant will rise further to the upsides if the buying pressure should increase. Currently the coin price is making a correction there may be a potential further rise in the coin market price and this may possibly rise to the $450.000 resistance level in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Reach the $450.000 Resistance Level
The QNTUSD pair is showing a bullish display in its medium-term outlook as can be seen from the chart above. The price bars can be seen above the moving averages which are glued together. This is because the buy traders are now highly involved in the order flow.
The bullish pressure at the $130.409 supply value during the previous action has sustained the coin price above the supply levels in its recent high.
The coin price encounters a strong resistance above the two EMAs at about $125.358 value, leading to intraday advances as the 4-hourly session resumes today. However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
Similarly, the price indicator which is also pointing upwards suggests that the QNTUSD price might remain in an uptrend and the coin price may rise to the $450.000 upper resistance level in the days ahead in its medium-term perspective.
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