Quant (QNTUSD) Price Will Further Breakout, Buy!

Quant Price Forecast: April 3
QNTUSD price might break out and resume its strong uptrend soon if buyers should trigger the buying pressure and break up the $227.00 resistance level, the coin price may prolong the correction rise to a $450.00 high level. Thus, a clear buy signal for the coin holders.

Key Levels:
Resistance Levels: $200.70, $200.80, $200.90
Support Levels: $120.00, $119.00, $118.00

QNTUSD Long-term Trend: Bullish (Daily Chart)
The QNTUSD pair portrays a bullish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently above the EMA-9. Thus, the bulls are capable of pushing higher from this trend line.

The bullish pressure at the $127.81 high level in the past few days has sustained the coin price in an upward trend in its recent high.

Today, the price is making higher highs and higher lows. However, presently the coin trades at the $126.14 resistance value slightly above the EMA-9; this implies a gradual weakness in the strength of the sell traders while buyers are becoming more active.

Meanwhile, there is a possibility of a bullish breakout from the current supply if the bulls should add more effort to the tension in the market. The next target could be the $450.00 supply trend mark from a long-term perspective.

QNTUSD Medium-term Trend: Bullish (4H Chart)QNTUSD Price to Further Breakout, Buy!
The Quant market is in a bullish trend in its Medium-term outlook. The price bars can be sighted above the supply trend level. Despite the moves from the short traders, the bulls managed to push the coin price up to the $126.62 supply level during the previous session and sustained it.

After completing the dip-lows at $123.00, the bulls corrected the $125.47 resistance value above the two moving averages as the 4-hourly chart opens today. This implies an uptrend and the bulls remain stronger in the market. Thus, an additional buying effort from the bulls could break out from the current supply to retest the $227.00 supply value soon.

Hence, new entries from the buy traders toward the higher side are likely as indicated by the momentum indicator pointing upward. The bulls could therefore aim at the psychological level of $450.00 in the upper resistance area in the days ahead in its medium-term perspective.

Place winning Quant trades with us. Get QNT here