Quant Price Forecast: March 9
The Quant (QNTUSD) price is likely to grow more and is an opportunity for long investors. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $121.707 value holds, and the daily chart closes above the $192.689 resistance level, then there is a high probability of the price going up to its recent swing high, which is $235.000 resistance trend line and beyond.
Key Levels:
Resistance Levels: $200.000, $231.000, $241.000
Support Levels: $119.000, $118.000, $117.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
The currency pair is trading in a bearish market in its long-term outlook. This is due to the high influence of the sell traders. However, the coin was able to reach a high of $125.894 during yesterday’s session and has prepared the Quant market for an upward performance in its recent high.
As a result of price rejection in the previous action, buyers have been able to push the price of Quant higher to a $125.997 high level slightly below the two EMAs as the daily session opens today. This indicates that buyers are actively defending this level and a bullish breakout from the $125.997 supply will threaten the short traders against any further bearishness.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price might possibly retest the $235.000 supply value which may further lead to the $400.000 upper resistance level in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Set to Kick start Recovery, Buy!
The momentum on the long-term outlook is still in an uptrend despite the inflows from the sell traders. The price bar can be seen slightly above the EMA-9. Thus, the bulls are capable of pushing higher from this trend line.
The bulls were able to push the coin to the $124.766 resistance value in the previous action and sustained it by resisting the sell traders.
The QNTUSD market finds a reliable resistance at the $125.997 mark above the EMA-9, resulting in intraday gains as the 4-hour chart resumes today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at the present.
Furthermore, the Quant market is pointing up on the daily stochastic, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the previous high of $235.000 value which might further extend to the $400.000 supply level in the coming days in its medium-term time frame.
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