Quant (QNTUSD) Price Recovery is set to Target the $400.000 High Mark

The QNTUSD pair is on its way to the upper resistance trend lines.  Quant (QNTUSD) price recovery is set to target the $400.000 high mark. Should the bulls regroup and push higher, a further bullish breakout from the $192.689 value will accelerate the new correction phase. The $400.000 resistance mark and beyond might be the target.

Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $112.200, $112.100, $112.000

QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market is having a bullish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.

The coin price found a reliable resistance after completing the downside moves at $123.519 as a pullback above the EMA-9 with its wick touching the EMA-50 as the daily session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.

Similarly, the QNTUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high at the $400.000 value soon in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD’s Next Target is the $400.000 High Mark
The QNTUSD pair is in a bullish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.

The aggressive move by the bulls pushed the QNTUSD price up to the $123.519 resistance value above the moving average lines as the 15-minute chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.

Hence, we have a bullish bias that the coin price will rise further to the upside if the
buying pressure should increase. Currently, the crypto is making a correction, there may be a potential rise in the Quant price and this may possibly retest the previous high at the $235.000 supply level which might further extend the coin price to the $400.000 high trend line in the coming days in its medium-term outlook.

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