Quant Price Forecast: March 31
The Quant (QNTUSD) price recovery is set to target the $450.00 upper resistance value and an opportunity for long investors. Should the bulls regroup and push higher, a further bullish breakout from the $227.00 value will accelerate the new correction phase. The $450.00 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $117.000, $116.000, $115.000
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is having a bearish posture in its long-term outlook; the price bar can be sighted slightly below the two EMAs showing the impeding next big move in the price.
The bears’ high pressure on the crypto in the past few days has reduced the coin price below the supply trend levels in its recent high.
The coin price on the daily chart today is currently facing resistance and trading at the $123.72 correction level below the moving averages. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Similarly, the QNTUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing upwards. This means that the selling pressure has ended; the next bulls’ target might be the $450.00 resistance value in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H Chart)
The QNTUSD pair is in a bullish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal. The sustained bullish pressure in the past few hours has retained the strength of the crypto above the supply trend levels in its recent high.
The aggressive move by the bulls pushed the Quant price up to the $123.72 resistance value above the EMA-9 with its wick touching the EMA-50 as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. Currently, the crypto is correcting, there may be a potential rise in the price of Quant and the next price target by the bulls could be the $450.00 upper resistance in the coming days in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply