Quant Price Forecast: September 23
QNTUSD price may resume the bullish pattern phase to break up the $150.00 supply level if the coin investors respond fast to the changes in the market trend. A break below $50.05 would bring more losses to the coin. However, a daily candlestick above the $150.00 supply level would invalidate any bearish theory. Therefore, if buyers can add more aggression to their buying motives in the market, a shift in the trend upward to the $150.00 high value will be achieved, offering a good entry point for the coin investors.
Key Levels:
Resistance Levels: $90.00, $91.00, $92.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant price is bullish on the higher time frame. The coin price is poised to break up the $150.00 supply level as it faces high buying pressure. The price bar is above the EMA-50 due to the high impact from the buy investors.
The high order flow from the bulls at $76.99 during the last session added to this bullishness and may break up its previous high.
Today, pressure from the bears dropped the Quant price to the $73.95 support level above the EMA-50, indicating an uptrend. Hence, the coin price can pull back at the current support to invalidate the bearish theory as the market remains bullish.
Therefore, if the bulls increase their tension in the market, the price tendency could break up the $150.00 supply level, obtaining a higher footing to rise higher.
In a like manner, QNTUSD is likely going to reverse and break up the $150.00 previous supply level soon as the market approaches the oversold region on the daily stochastic, compelling the buy traders to resume an uptrend and may likely break up the $150.00 supply level soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Break up the $150.00 Supply Level
The QNTUSD pair is beginning its rising pattern and might increase to break up the $150.00 supply level in its medium-term perspective.
The high order flow from the bulls at the $76.17 high mark in the past few hours has led to the bullishness of the cryptocurrency.
Today, after updating the lows at the $73.95 support value, the buy traders corrected a $75.14 supply value above the moving averages shortly after the 4-hourly chart resumed, indicating an established bull trend. Thus, it is very likely that the bulls will continue rising and may break up its previous high at the $77.66 level as we are seeing a bullish correction in place.
Also, further jumps are certain; the market is facing up on the daily momentum, indicating that the QNTUSD pair might continue with the new correction pattern and could break up the $77.66 supply level to hit the $150.00 resistance mark in the days ahead in its medium-term perspective.
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