Quant Price Forecast: September 16
The Quant price is in an attempt for the next upward rally. The coin is showing fundamental growth above the $92.00 supply level. If the coin price could sustain above the pattern supply trend line, the coin price may trigger up to the overhead resistance mark at the $250.00 level, thus a clear buy signal.
Key Levels:
Resistance Levels: $110.00, $115.00, $120.00
Support Levels: $99.00, $98.00, $97.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is in a bearish trend in its long-term view. Further, the price is trading below the two EMAs with a fundamental growth above the $92.00 supply mark; it means that it’s in a bearish market zone at the moment.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $91.60 during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward.
As a result of price rejection in the early hours, buyers have been able to push the price of Quant higher to a $93.53 high level below the supply trend levels as the daily session opens today. More gains are possible if the bulls put extra effort into the price action.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $134.86 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $250.00 high mark in the days ahead in its higher time perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Will Rise from the $92.00 Level and Buying Time is near!
The market price of QNTUSD is currently trading in the bullish market zone. This is due to the high inflows from the buy traders.
The bullish impact on the crypto to the $92.55 supply level during the previous action has sustained its firmness above the supply levels.
Today, the bulls made an upward move to the $92.73 high value above the EMA-9 as the 4-hourly chart opens. The Quant price looks promising as the bulls remain dominant in the market at the moment.
If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $250.00 resistance value in the days ahead as QNTUSD price continues its upward trend in its medium-term perspective.
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