Quant Price Forecast: April 8
The Quant price is about to rise and the pair can experience another buy potential and the price could be ready very soon for another upward move potential. The coin price may retest the previous swing high of $153.83 and may even reach the upper high mark of $160.00 if the forces of buyers in the market strengthen and the current support level of $115.00 holds.
Key Levels:
Resistance Levels: $120.00, $121.00, $122.00
Support Levels: $113.00, $112.00, $111.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price is about to rise again on its long-term chart. Further, the price is trading below the EMA making its way to the resistance area; it means that it’s in a bearish trend at the moment.
The price drop to the $115.00 low value in the past few days has made the coin price trade below the supply levels in recent times. This will soon be invalidated as the crypto price is about to rise now. This is because the trend has just resumed its rising pattern but has not yet reached its goal.
Thus, the current price of QNTUSD at the $122.20 high level below the supply level which is close to the major resistance level is a result of high commitment from the bulls.
Should the bulls increase their momentum, the coin price might break out from the current supply to hit the previous high of $153.83 high value.
In addition, further downsides are unlikely and the coin price is about to rise further as the market price of QNTUSD is in an uptrend in the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
Therefore, the next price target could reach the 160.00 upper resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Is About to Rise
The QNTUSD pair is about to rise again. The coin is in a bearish movement zone in its medium-term outlook. This is due to the inflow from sellers. Further, the price is gathering momentum and has decided to face the upsides to achieve more gains.
The bearish pressure at the $118.74 support level in the past few hours has made the coin stay below the supply trend levels in its recent high.
At the time of writing, the bulls corrected the $121.28 supply value below the supply level to resume its uptrend. This will suggest that the coin price is about to rise again and this will encourage the buy traders to invest in the crypto, as possible future gains are certain.
Notably, the Quant market is currently trending upward as shown by the daily stochastic.
This indicates that the market value of the QNTUSD is about to rise and 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 $160.00 supply value in the next days in its medium-term perspective.
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