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Quant (QNTUSD) Price May Rise above the $227.00 High Value Soon

Johnathon Fox
04/15/2023 | UPDATED ON: 04/15/2023

Quant Price Forecast: April 15
The Quant (QNTUSD) price is likely to grow more and rise above its previous high of $227.00 value soon. The coin might likely continue its upside move if the current support at $118.870 value holds, and the daily chart closes above the $199.500 resistance level, then there is a high probability of the price reaching the $400.00 upper high level and beyond.

Key Levels:
Resistance Levels: $230.20, $230.30, $230.40
Support Levels: $114.00, $113.00, $112.00

QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and trades above the EMA-9 with its wick touching the EMA-50. This is an indication of an uptrend.
Quant (QNTUSD) Price May Rise above the $227.00 High Value Soon
The high bullish pressure in the past few days has sustained the coin price above the supply trend level in its recent high.

The coin price on the daily chart today is currently facing resistance and trading at the $125.05 correction level above the EMA-9. Further, if the Quant buyers could hold and close the price above at the $227.00 high mark a potential BUY signal will be attained.

Adding to that, more upside is possible in the nearby days as the market is pointing up on the daily stochastic. This will compel more buyers to resume and continue the uphill trend and take us high; with this, the price of QNTUSD may rise above $227.00 to reach the $400.00 significant level at the upside in the nearby days in the long-term view.

QNTUSD Medium-term Trend: Bullish (4H chart)Quant (QNTUSD) Price May Rise above the $227.00 High Value SoonQNTUSD Will Rise Above the $227.00 High-Value Soon
On the medium-term outlook, the QNTUSD market is in a smooth uptrend. The coin price can be seen above the two EMAs approaching the overhead resistance.

The buying pressure on the currency pair moves the price action up to the $125.05 resistance level above the supply trend lines as the 4-hourly chart resumes today as the bulls continue to dictate the market.

A bulls breakout from the overhead tendency will offer a long entry opportunity for interested investors.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $134.86 previous high, the resulting rally may surpass the $227.00 level and hit the $400.00 psychological level at the upper resistance in the days ahead in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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