Quant Price Forecast: September 9
The QNTUSD bulls are attempting a recovery rally as the coin price is about to swing up to the overhead resistance, suggesting the buying time is now. The cryptocurrency is currently running a bullish race with high pressure from the bulls and will likely grow more, creating an opportunity for long-term investors. Having completed the downward correction, if the coin prices sustain above the level of $123.00, the bulls’ trend could continue upward and swing up to hit the $140.00 upper high level, resulting in a buying opportunity for the coin investors.
Key Levels:
Resistance Levels: $95.00, $100.00, $101.00
Support Levels: $60.00, $59.00, $58.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Amidst the slight upsurge in the crypto market, the QNTUSD price is bullish and likely to swing up towards the overhead level as the bulls remain dominant on the higher time frame.
The price is currently recovering above the moving averages due to the high impact from buyers. The bullish reversal at the $57.71 high value in the previous action has sustained the crypto to swing up above the supply trend line in its recent high. However, the bulls are set to further swing up the coin price to the upper resistance zone.
The current price of Quant at the $58.85 high level above the EMA-50 as the daily session opens today indicates an uptrend in the context of the strength of the market, giving room for a more bullish impact in the market at the moment.
Hence, if the market participants could increase their confidence in the recovery sentiment, the coin price might swing up to retest the $148.78 previous barrier level, indicating a potential for a prolonged correction in QNTUSD’s price.
Furthermore, the market is in an uptrend on the daily signal, suggesting further swing up. If the support level holds, the coin can swing up, allowing buyers to take the Quant price up to a high of $140.00 soon in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Swing up
On the 4-hourly chart, prices may swing up to the upper resistance channel soon as the QNTUSD pair shows a more bullish impact. The bulls have the market at their disposal and have confirmed a bullish momentum, breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
The bullish pressure at the $58.56 supply level in the past few hours has sustained the crypto price to swing up above the trend levels in its recent high.
QNTUSD is losing bearish momentum as it swings up to a $58.85 high level above the moving averages as the 4-hourly chart begins today due to a high bullish impact on the market price, potentially leading the coin prices to surpass key barriers at $73.00 and $76.00.
Similarly, the Quant price is pointing upwards on the daily stochastic, indicating that the trend will continue to swing up and remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the $76.00 resistance trend line, a bullish trend continuation to the overhead resistance of $140.00 is possible soon in the medium-term outlook time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply