Quant Price Forecast: March 6
The QNTUSD pair at the moment is trying hard not to fall by resisting sellers, the coin price now rises above the resistance trend levels. In case the bulls’ pressure breaks up the resistance level of $227.00, the coin price may increase further to a $400.00 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $120.00, $119.00, $118.00 
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
The bulls were able to push the cryptocurrency up to the $125.86 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance
The coin price finds reliable resistance at around the $131.65 level above the two EMAs, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The pair however shows the continuation of bullish sentiment. After testing the lows of $119.41 in the previous action, sellers look exhausted while the price of Quant remains above the $130.17 previous value as the price continues to sustain an upward move as indicated by the momentum indicator. But the downside risk remained uncertain. Thus, the next bulls’ target might be the $400.00 high level in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Rises above the Resistance Trend Levels
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. The price of QNTUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
In the previous session, the coin price was ranging above the two EMAs but additional buying pressure pushed the price above the critical level from the $125.39 value to the $129.51 resistance level above the moving averages. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is a possibility of a further increase in the price of Quant, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $400.00 supply level might be reached soon in its medium-term time frame.
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