Quant Price Forecast: March 21
The QNTUSD pair is positive and may likely rally to the $450.000 resistance level soon. The crypto is ready for another pump ahead as it is on its way to new resistance trend levels. However, if the bull pressure increases, the price may penetrate the $194.74 level and increase to $235.00 which may extend to the $450.000 upper resistance price level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $130.00, $129.00, $127.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant looks bullish on the daily chart. The market price is in favor of the buy traders at the moment also, the price bar can be sighted above the two EMAs. This implies an uptrend and a bullish market which connotes a buy signal as well.
The coin has been having a series of higher highs and higher lows in the past few days which have sustained its price above the trend levels in its recent high.
The QNTUSD pair having been able to reach the $131.96 high level above the moving averages as the daily session opens today indicates that bulls are having more impact on the activities of the market at present.
Therefore, if the bulls should increase the buying activities in the market, the pair may likely reach the $450.00 upper resistance level and beyond.
However, more upside is certain as the momentum indicator also points in an upward direction upward. This will give room for a more bullish impact as we expect the price distribution of Quant to reach a high of $450.00 value soon in its long-term view. Hence seller’s relief.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price to Reach the $450.00 Resistance Value
The bulls remain in an upward movement in the medium-term time frame. The price bar is above the moving averages which makes it capable of rising further.
The bulls’ pressure to the $134.11 supply level during the last session has made it possible for the Quant price to remain in an uptrend in its recent high.
After a series of low-dips by the bears in the market today, QNTUSD has risen to a $130.53 high level shortly after the 4-hourly session opens today. Thus, with the price bar above the two moving averages, the coin is expected to advance forward and may likely rally to retest the $147.06 resistance level soon.
Further, Quant price indicates an upward momentum on the daily signal; this means that the pair will continue to increase to the upsides, which may get to the $450.00 upper resistance trend mark soon in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply