Quant Price Forecast: March 24
QNTUSD‘s price is bound to move up to reach the $400.00 high level soon. The coin might further rise to gain more strength if all the current support holds and the bulls should increase their momentum and break up the $227.00 resistance level, the crypto’s next price target might be the $400.00 upper high level.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $114.00, $113.00, $112.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market is having a bullish posture in its long-term outlook as can be seen from the above chart. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.
QNTUSD has been able to reach the $130.27 resistance level which later increases further to a $131.30 high level above the two EMAs as the daily session resumes today.
Trading above the moving averages however will give the bulls the tendency to influence the current price trend in the market at moment. So, if bulls should intensify their price action, and bullish momentum is sustained above the supply trend levels, the cryptocurrency will continue its upside train and may possibly retest the $227.00 previous high soon.
In addition to that, the price action might possibly continue in an uptrend as indicated by the daily signal; we can expect the price to reach a psychological $400.00 high level soon before we start seeing the negative move in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price to Reach the $400.00 High Level Soon
The currency pair remains in a bullish market trend in its medium-term time frame. The price action can be seen above the moving averages indicating an uptrend. This makes it capable for the coin to rise further and remain stronger.
The increase in momentum by the bulls to the $130.78 high value in the previous action has made the crypto sustain the upward trend in its recent high.
Today, the bulls recorded an increase in buying action to the $131.45 supply level above the moving average lines on the 4-hourly chart as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
Furthermore, with the daily stochastic pointing upward, the bullish momentum might be triggered and the price may likely increase to a $400.00 high value soon if the current support remains unmoved and the bulls should speed up their activities in the market in its medium-term outlook.
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