Quant Price Forecast: April 1
The Quant market is on its way to the overhead trend levels to retest the $153.83 resistance value. The current trend will enable the price to remain stable at the upside if the bulls can add more strength to their buying motives. Based on the daily chart outlook, should the bulls push higher, the coin may push higher to retest the above-mentioned previous high which will reflect the improved market sentiment and this might push the coin price to the $160.00 upper supply trend level.
Key Levels:
Resistance Levels: $132.00, $133.00, $134.00
Support Levels: $109.00, $108.00, $107.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD market remains bullish preparing to retest the $158.83 supply level on the higher time frame. This is clear as we can see the prices trading above the EMA-50.
The bulls’ activity at the $143.82 supply level on the 28th of March has made the coin price remain strong above the supply trend line in recent times.
Today, the long traders swept the bearish momentum under the rug, by pushing the price of QNTUSD to an intra-day high of $134.46 value above the supply levels. This indicates that buyers remain dominant and have the market price at their disposal at the moment.
Further, an increase in the buying pressure might lead the price of Quant to retest the previous high of $153.83 high mark, obtaining a higher footing to rise higher.
Similar to that, the market price of Quant which is pointing up on the daily stochastic, means that the buying pressure might continue and the price could be high to retest the $153.83 high level soon in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The Quant pair is on its way to the resistance line, hoping to retest the $153.83 high level soon in its medium-term outlook.
The bearish pressure at the $130.89 support level in the past few hours has made the coin price stay below the supply trend levels in its recent price level.
The market price of QNTUSD which has just rebounded to a $133.67 resistance mark below the EMA-50 as the 4-hourly chart opens today will give the crypto a high tendency to retest the previous high and rise further.
Additionally, with the daily stochastic pointing upwards, if the Quant price could sustain above the pattern supply trend line to revisit the previous high of $153.83 value, the potential recovery could assist buyers to reach the $160.00 upper high level, indicating a growth opportunity of 80%. Thus, a buying time for the coin traders.
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