Quant Price Forecast: September 23
The market price of QNTUSD may experience a possible reversal after completing the downward momentum. The coin buyers may push up at the current support level of $88.43 to resume its upside moves if an additional effort can be added to their buying actions. The coin price may possibly retest the $132.23 previous swing high and this may extend to the $200.00 upper high mark and beyond.
Key Levels:
Resistance Levels: $100.00, $115.00, $120.00
Support Levels: $115.50, $115.40, $115.30
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the coin buyers are set to push up the coin market soon at the oversold region of the market.
The sustained bearish pressure at the $89.71 support value has made the crypto price drop below the supply levels in its recent low.
Being affected by the widespread uncertainty in the crypto market, actions from the short traders dropped the Quant price down to a low at $88.43 level below the EMAs on the daily time frame chart today. Should buyers push up from the mentioned support and jump above the $132.23 supply mark, the bearish thesis would get invalidated.
In addition, the daily stochastic indicates an upward trend in the oversold region, this means that the selling pressure is unlikely; we can therefore expect Quant buyers to push up the crypto price to a $200.00 high level in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Reversal at the $88.43 Support Level
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. Hence, Quant buyers will likely push up from the support level soon as the market is oversold already.
The interaction from the sell traders drove the coin price down to a low at $88.43 value below the moving averages as the 4-hour chat opens today. Meanwhile, traders who buy the coin during a massive bearish market will also make a profit.
As a matter of fact, if all the support holds and the buy traders push higher, the QNTUSD price may likely rise above the supply trend line at the $104.79 mark.
Notably, Quant price now trades at the oversold region, buyers’ action is a prerequisite at the moment. As a result, the crypto price may push up to the $200.00 supply level and beyond in its medium-term time frame.
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