Quant Price Forecast: March 14
The Quant price is in an attempt for the next upward rally. The coin is moving upward, and if all support levels hold and resistance breaks out of the $194.74 level, we can see a further change in the price to retest the $227.00 high value. The QNTUSD price may likely retest the previous high at $227.00 and perhaps rise as high as $400.00.
Key Levels:
Resistance Levels: $235.20, $235.30, $235.40
Support Levels: $113.00, $112.00, $111.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant is in a bearish trend in its long-term view. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $113.73 during yesterday’s session, but it now appears like the bulls are set 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 $120.38 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. This indicates a bullish continuation to the upward, which will allow the bulls to continue the current rally and may soon result in the $400.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Attempting the Next Upward Move
Quant market remains bullish on the medium-term outlook. This is clear as we can see the prices trading above the EMA-9.
The sustained bullish pressure pushed the currency pair up to the $124.00 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain in an uptrend in its recent high.
The price of Quant is still moving upwards at the $119.62 supply value above the EMA-9 despite the sell traders’ movements as the 4-hourly chart opens today. Hence, maintaining above the moving average will actually 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 to rise. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $400.00 supply value in the next days in its medium-term perspective.
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