Quant Price Forecast: April 6
The Quant price is attempting the next uptick trend following the market upsurge in the last few hours by the bulls. The coin is currently moving upward, if all support levels hold and resistance breaks out of the $153.78 level, we can see a further change in the price to hit the $160.00 upper resistance level and beyond, maintaining a better growth potential for the coin buyers.
Key Levels:
Resistance Levels: $121.00, $122.00, $123.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price is attempting the next uptick trend as the coin remains in a bearish trend in its long-term view. Further, the price is trading below the EMAs which means that it’s in a bearish market zone at the moment.
The sustained pressure by the bears at the $116.43 support value during the past session has dropped the crypto price below the supply trend levels in its recent high, but it now appears like the bulls are attempting the next uptick trend to take control and drive us upward.
The price responded to the shift in the market structure and is currently below the moving averages at the $123.38 resistance value as the daily chart opens today. Further increase in the buying pressure will invalidate any further bearish thesis.
Additionally, the daily stochastic suggests an uptrend at the oversold region of the daily stochastic. This indicates a bullish continuation to the upward, which will allow the bulls to continue the next uptick trend and may soon result in the $160.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Attempting the Next Uptick Trend
Quant market remains bearish and also attempting the next uptick trend on the medium-term outlook. This is clear as we can see the prices trading below the EMA-50.
The sustained bearish pressure at the $117.75 support level during yesterday’s session has made the coin remain in the bearish trend in recent times.
The price of Quant attempting the next uptick trend, moves the crypto price upwards to the $123.38 supply value below the EMA-50 despite the sell traders’ movements as the 4-hourly chart opens today. Hence, sustaining above the moving average will allow the coin to rise higher, resulting in an intraday gain for the coin buyers.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD will continue with the uptick trend and this might hit the previous high level of $149.42 which further exposes the price to a $160.00 supply value in the next days in its medium-term perspective.
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