Quant Price Forecast: March 11
The price of the QNTUSD pair is anticipated to rise further, and it is currently moving toward its previous high of $227.00 as a result of the bullish correction that has taken place. At the $118.52 level, the currency had a bullish breakout, indicating that purchasers are attempting a comeback. So, the potential rally could soar higher to reach $400.00 worth and beyond if the coin price maintains above the $227.00 high level.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $115.30, $115.20, $115.10
QNTUSD Long-term Trend: Bearish (Daily Chart)
The long-term trend of the Quant price is bearish. The order flow is currently dominated by the bears, but it appears that the bulls will soon gain control and move us higher. The preceding action’s continuous bearish pressure at the $115.10 support level has caused the cryptocurrency price to remain below the supply trend line.
As a result, as the daily chart begins today, the coin price has gone up to a high level of $118.52 below the two EMAs as a pullback from the bulls after completing the lows. This is due to increased worries from buy investors.
The price is therefore ready to surge above the crucial resistance levels around $227.00 should the bulls increase their swagger in the market.
Additionally, the price of QNTUSD is in an uptrend and may possibly continue in that direction to hit the $400.00 supply level and beyond soon in the longer time frame, according to the momentum indicator, which is pointing up in the oversold area.
QNTUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term forecast, the market price of QNTUSD is now trading below the resistance trend lines. The influx of short traders is to blame for this. The cryptocurrency price has fallen to a low of $115.10 due to the influence of sell traders in the preceding activity.
Soon after the 4-hourly session started today, the bulls made a corrective rally up to a supply trend line around $117.22, which is slightly below the moving averages. This suggests that the bulls are trying to drive the coin price upward and that it may advance toward the $147.57 barrier level.
Also, as the price indicator indicates, the Quant price is pointing up, indicating the fact that the Quant price is heading upward and that the price indicator is displaying an uptrend further suggests that the buying push will persist.
Due to this, the medium-term optimistic picture suggests that the bullish race may eventually reach the $400.00 resistance level and beyond in the upcoming days.
Place winning Quant trades with us. Get QNT here
Leave a Reply