Quant Price Forecast: March 18
The market price of QNTUSD may reverse at the $127.63 support level to break up at the $153.83 level soon. This will be achieved if the bulls can push higher and exchange hands with the bears at the mentioned support level. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $160.00 resistance trend level and beyond.
Key Levels:
Resistance Levels: $130.00, $131.00, $132.00
Support Levels: $115.00, $114.00, $113.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish and promises to break up at the $153.83 level despite the intervention of the bears in its long-term perspective. The coin is trading above the EMA-50.
The high bullish impact on the crypto at the $139.80 high level in the previous days has contributed to its bullishness in its recent price level.
The price drop to the $127.63 low value above the moving average line as the daily chart opens today has no serious effect on the coin as the price remains in an uptrend. This is due to a high bullish impact on the market price of Quant and this may turn positive to break up at the $153.83 level soon.
However, the currency pair could grow further if the buy traders could exchange hands with the bears and managed to break up at $153.83 previous high level, maintaining a further growth potential for the buy traders.
Adding to that, the price action of QNTUSD may break up at the $153.83 level soon as the market now approaches the oversold region. This will now compel the long traders to emerge and push the market up to a significant level of $160.00 and beyond soon in its long-term time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD pair is likely to break up at the $153.83 level as it approaches the oversold region now in its medium-term outlook. The coin is in a bearish trend as can be seen from the chart below.
The sustained bearish pressure at the $128.09 support value in the past session has made the crypto price drop below the supply levels in recent times. Meanwhile, the price will break up the previous high level soon if additional selling power is prevented.
Today, actions from the bears further drop the Quant price to a low of $127.63 below the supply levels as the 4-hour chart opens. This is a result of low bullish momentum.
Hence, if the bulls can wrestle with the bears at the aforementioned support and turn positive, the price action may break up at the $147.32 accumulation zone to encourage potential buyers.
Next, if additional selling power is prevented, a post-retest rally may drive the prices high to break up at the $153.83 level to hit the $160.00 resistance soon in its medium-term time frame.
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