Quant Price Forecast: September 20
The Quant (QNTUSD) buying time is now as the cryptocurrency remains strong above the mentioned supply level. The coin is currently running a bullish race facing a high pressure from the bulls. The potential breakout from the immediate resistance of $134.86 will give additional confirmation for bullish recovery, if the bulls could increase their efforts in the market. The $200.00 upper resistance value might be target as the coin price continues to rise further. Hence, a great opportunity and a clear buy signal for the long investors.
Key Levels:
Resistance Levels: $110.00, $115.00, $120.00
Support Levels: $99.00, $98.00, $97.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is in a bearish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and remains strong below the EMA-9 approaching the overhead resistance.
The bearish pressure at the $90.00 low value in the previous action has sustained the crypto below the trend line in its recent high.
Today’s daily bullish candle at a $92.91 high value above the EMA-9 confirms the bulls’ return and dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
Additionally, the price of Quant might increase further as the market price remains strong and has also reached the bearish exhaustion as indicated by the daily signal pointing upwards in the oversold region. In light of this, the price might possibly bounce up to the $200.00 upper resistance level in the nearby days and beyond in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Remains Strong above the $91.03 Supply Level
The medium-term market value of Quant is moving in a bullish direction. The coin price is now strongly trading above the EMA-9 approaching the overhead resistance with huge volumes from the bulls. Thus, the recent market structure has favored the bulls as the crypto remains strong above the supply level.
The increase in the momentum by the bulls at the $91.17 supply value during yesterday’s session has enabled the QNTUSD price to stay strong above the resistance lines in its recent high.
The market price of Quant has just broken up the EMA-9 at the $92.91 supply level as the 4-hourly chart opens today; this affirms the presence of more buyers in the market and also gives the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $104.79 previous high, the resulting rally may surpass the $106.00 level and hit the $200.00 psychological level at the upside in the days ahead in its medium-term perspective.
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