Quant Price Forecast: April 17
The Quant price is in an attempt for the next upward rally. The coin is moving upward, and if all support levels hold and resistance breaks out of the $199.50 level, we can see a further change in the price to retest the previous high of $235.00 value and perhaps rise as high as $400.00.
Key Levels:
Resistance Levels: $235.20, $235.30, $235.40
Support Levels: $113.00, $112.00, $111.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook.
In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves in its recent high.
The current price level now trades at a $126.00 supply level above the two EMAs. This indicates an upward momentum in the context of the strength of the market. Thus, a possible breakout from the $168.38 neckline will accelerate the buying momentum and push the prices higher to hit the $235.00 resistance level.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong break-up above the $235.00 resistance point would strengthen the bullish pressure and this may further extend the price of QNTUSD to the $400.00 upper resistance value in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The QNTUSD pair remains in the bullish market zone in its medium-term view. The price staying above the moving averages confirms its bullishness and the high impact of the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.
The market price of Quant at the $126.00 supply level above the two EMAs as the 4-hourly chart opens today is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
Next, we can expect the emergence of more buy investors as indicated by the daily stochastic which is in an upward direction. As a result of this, the next bull race may possibly reach the $400.00 upper resistance level as we watch the bulls take over the market conditions sooner in its medium-term perspective.
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