Quant Price Forecast: March 23
The QNTUSD price will surge higher to hit the $400.00 high mark. The coin having rebounded will most likely continue its bullish correction and the price could go higher and hit the mentioned resistance value. If the bulls are able to break up the $27.00 supply mark, then we can expect a good upside momentum up to the $400.00 upper high value.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $106.00, $105.00, $104.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The QNTUSD pair portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.
The price drop to the $126.22 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
The price of Quant on the daily chart today is currently facing resistance and trading at the $127.63 correction level below the two EMAs which are glued together. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Hence, a bullish impact by the buy investors toward the higher side is likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $400.00 resistance value in the days ahead in the long-term perspective.
QNTUSD Long-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its short-term outlook. The price bar is seen below the moving averages.
The intervention from the sell traders at $126.22 in the previous action has made the coin price drop below the supply trend line.
The coin reacted to the market activities and currently trades in a green candle at the $127.23 correction mark. Doing so will offer a higher footing for buyers to prolong this recovery.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $400.00 supply level soon in its medium-term time frame.
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