Quant Price Forecast: April 10
QNTUSD pair is currently rising and its upbeat trend is likely to hit the $153.78 high level sooner as the coin soars past the $120.00 level, igniting a wave of optimism in the crypto market. If buyers should exert more force into the price action in the market, the $153.78 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $120.00, $121.00, $123.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The QNTUSD pair has started its upbeat trend and this may hit the $153.78 high level soon as we can see the bulls responding to the shift in market structure in its long-term outlook.
The price responded to the shift in the market structure and is currently facing resistance slightly below the moving averages.
The bears’ activities to a $114.97 low level in the last four days have contributed to its bearishness lately. However, the bulls have just begun the upbeat trend which is about to turn around the crypto market.
Today, at the time of writing this article, the bulls were able to push the cryptocurrency up to the $123.54 resistance value as the daily chart opens. This indicates the return of the long traders to dominate the market at the moment. Further, the upbeat trend and rising prices reclaimed more confirmation for a bullish recovery.
Meanwhile, further downsides are unlikely as the market price of Quant now points up in the
oversold region. The coin will bounce off the support level soon, so we can now grow in confidence that the upbeat trend may hit the $153.78 high value which might further lead the coin price to the $160.00 in the coming days in its long-term outlook.
QNTUSD Long-term Trend: Bullish (4H Chart)QNTUSD Upbeat Trend Hitting the $153.78 High Level
The inflow of the bulls has now moved the market price of QNTUSD higher and its upbeat trend may increase to the upper high level soon in its medium-term outlook.
The high order by the bulls to the $120.07 high mark in the previous section has made the coin’s upbeat trend remain above the supply levels in its recent period.
Shortly after the opening of the 4-hourly chart, the Bulls made an impressive move to the $123.54 resistance level slightly above the EMA-50. This indicates that the traders are actively buying at this level.
A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
Hence, the market is pointing upwards on the daily signal; this will quicken the emergence of more buyers to move the price of Quant up to a significant level at the upside and this current upbeat may likely extend to a $160.00 upper resistance trend mark in its medium- time frame.
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