Quant Price Forecast: April 3
The QNTUSD‘s next target price may surpass the $155.57 high mark as the coin is about waving to the selling pressure. The coin bearish trend will end soon. Therefore, if the bulls could trigger their forces in the market, the coin price action on the daily chart may likely reverse and turn positive to reach the $160.00 high level and beyond, this will allow the coin price to stabilize as the coin buyers remain profitable.
Key Levels:
Resistance Levels: $140.00, $141.00, $142.00
Support Levels: $110.00, $109.00, $108.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price is forming lower lows on its long-term chart. Meanwhile, the next price target may surpass the previous high point after the completion of its downward moves.
Further, the price is trading below the resistance line; which means that it’s in a bearish market zone at the moment. This is due to the high inflow of the sell traders. However, the coin price may turn positive soon and its next price target may surpass the resistance point.
The sustained and persistent bearish pressure on the crypto in the past few days has made the coin price remain below the supply trend levels in its recent low.
Today, as an outcome of low bullish momentum, the price action of QNTUSD dropped to a low of $121.58 level below the moving average.
Thus, if the bulls can change their orientation and rebound from the $121.58 support level, the next price target may surpass the $155.57 previous highest level which could assist the coin buyers to challenge the $150.00 neckline barrier soon.
The Stochastic is also showing the Quant market is approaching the oversold region. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend and the next price target may surpass the $155.57 supply level in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant (QNTUSD) Price Surpassing the $155.57 High Mark
Quant is making its way up and the next price target may surpass the $155.57 high level in its medium-term outlook. The coin price is currently in green below the resistance level. It looks like the price will want to bounce up again in the medium term.
Actions from the bears to a $125.45 low level during the previous action have dropped the price of QNTUSD below the supply levels in its recent price level.
At the time of writing this article, the $124.06 price level served as a solid resistance for the coin price as a pullback below the EMA-50 as the 4-hourly session resumes today. Because there is currently a bullish correction in place, the bulls will likely continue climbing and the next price target may surpass the $155.57 high level soon.
Hence, should the bulls increase their buying speed and close above the $148.78 resistance value, additional intraday gains would be recorded for the buy investors.
Additionally, the price of Quant might continue its uptick moves as the coin market price now points up in the oversold region, as a result, the next price target may surpass the $155.57 supply mark and beyond in the days ahead in its medium-term time frame.
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