Quant Price Forecast: April 12
The QNTUSD pair may likely retrace at the $114.41 support value to face the upside promptly soon. The price is on the verge of a possible reversal to the upside. Should the bulls regroup and push higher, a further bullish breakout from the $130.02 value will accelerate the new bullish correction phase. The $400.00 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $115.00, $114.00, $113.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective as can be seen from the chart above. The coin price can be seen below the two EMAs indicating a downward trend. This is due to the high inflows from the sell traders.
The high bullish impact on the coin drove the price of Quant to the $130.02 supply value before the end of yesterday’s session.
This was overridden by the bears as the coin price dropped down to a low of $114.41 value below the two EMAs as the daily chart resumes today. Meanwhile, the current price at a $114.41 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, should the bulls exchange hands with the sell traders and close above the $235.00 resistance value, additional intraday gains would be recorded for the coin buyers.
In addition to that, there is a possibility for the occurrence of another bullish cycle soon as the coin market now points upward on the daily signal. The crypto may likely pull back at the mentioned support and begins the bullish correction trend. This may break up the $235.00 previous high which might possibly reach the $400.00 resistance value in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Retrace to the Upside Soon
The price of Quant is in a bearish move in its medium-term time frame. The prices are seen slightly below the moving averages, this is due to the brief return of sellers which may soon fade off.
The price drop to the $112.48 low value during the previous action has made the coin price trade below the supply levels in its recent low.
The bears dropped the price of QNTUSD down to the $114.41 support level below the two EMAs as the 4-hourly chart resumes today. This is a result of a high bearish impact on the coin.
With the daily stochastic pointing upwards, the market price of Quant may resume its upside moves soon as price reversal at the $114.41 low level is imminent.
Based on the outlook, should the bulls push higher and close above the $136.97 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Place winning Quant trades with us. Get QNT here
Leave a Reply