Quant Price Forecast: April 1
The Quant price may break up the $27.00 supply value if the bulls could change their orientation and exchange hands with the bears at the current support level of $123.10, coin price could turn upside to retest the aforementioned supply level which may trigger up to the $400.00 level and beyond, thus a clear buy signal.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $118.000, $117.000, $116.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame. The price bar can be seen slightly above the EMA-9. This confirms its bullish trend.
During yesterday’s session, the bulls’ pressure at the $127.81 supply value has sustained the coin price above the supply level in its recent low.
Meanwhile, the current price at a $123.10 low value above the EMA-9 as the daily chart resumes today has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, should the bulls exchange hands with the sell traders at the mentioned support and close above the $227.00 resistance value, the further bearish thesis would be hibernated, resulting in intraday gains for the buy investors. Despite this, Quant’s price may reach the $400.00 high value in the days ahead in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to break up the $227.00 Supply Value
The coin is now displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. The increase in the momentum by the bulls at the $127.81 supply value during yesterday’s session has enabled the Quant price to stay strong above the resistance lines.
The drop in the coin price to the $125.09 low value above the supply levels as the 4-hourly session opens today has no serious effect on the market as the price remains in an uptrend.
Hence, staying above the moving averages will enable the coin price the tendency to rise further.
However, based on the outlook, should the bulls push higher and increase their buying pressure, the coin price may likely break up the $134.86 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $227.00 previous high which could further extend the coin price to the $400.00 resistance trend levels in the nearby days in its medium-term outlook.
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