Quant Price Forecast: April 20
The market price of QNTUSD is set for the next bullish trend after the completion of the downward moves. The coin price may rise to the $160.00 resistance level and beyond if the bulls manage to break through the pattern’s resistance trend line at the high value of $153.83. This would represent a significant turnaround for the coin holders.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is set for the next bullish trend. The coin indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the EMAs. However, the current trend will soon be nullified as the coin buyers are now set for the bullish trend.
The sustained bearish pressure at the $101.79 support value in the previous action has made the crypto price drop below the supply levels in recent times.
Today, the buy traders corrected with a bullish doji candle at a $103.70 supply value below the moving averages to resume its bullish trend. This suggests that the Quant market is set for the next bullish trend.
Further increase in the buying pressure might push the crypto price to retest the previous high of $153.83 high mark, obtaining a higher footing for the next bullish trend.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for the next bullish trend or growth, in light of this, the price of QNTUSD might hit the $160.00 supply trend mark, in the latter days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The Quant price is also set for the next bullish trend in its medium-term chart. Further, the price is trading below the; it means that it’s in a bearish market zone at the moment.
The price drop to the $99.93 low value during the previous action has made the coin price trade below the supply levels recently. This will soon be invalidated as the coin buyers are now set for the next bullish trend.
The crypto rebounded from the mentioned support with a pin bar hammer candle at the $101.79 supply value as the 4-hourly chart opens today. This indicates a genuine reversal which may attempt the $150.00 breakout.
Additionally, the QNTUSD price now remains in an uptrend on the daily signal. This means that further downsides are unlikely as the coin buyers are set for the next bullish trend. As a result, the coin price might reach the $160.00 upper channel in the days ahead in its medium-term outlook.
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