Quant Price Forecast: March 2
The Quant price is likely to accelerate more as the rising demand on the crypto by the bulls is increasing which is an opportunity for the coin buyers. This renewed buying interest in the crypto might likely continue if the current support at $101.28 value holds, and the long-term chart closes above the $153.83 resistance level. There is a high probability of the price hitting the $160.00 upper resistance trend line, signaling the best crypto signal and potential for higher recovery.
Key Levels:
Resistance Levels: $110.00, $111.00, $112.00
Support Levels: $97.00, $96.00, $95.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD price may accelerate more as the bullish momentum has just begun on the higher time frames. This is clear as we can see the prices trading above the EMA-50, due to the high impact from the buy investors.
The high order flow from the bulls during yesterday’s session at the $110.49 high value also added to this bullishness.
Today, action from the bulls has made the price of Quant accelerate to a $112.78 high mark above the supply levels as the daily chart resumes.
Thus, the resistance breakout signals a change in market dynamics and potential for higher recovery. The crypto will accelerate more and more gains are possible if the bulls can put extra effort into the price action.
Notably, the momentum indicator pointing upwards suggests the price of QNTUSD to accelerate more. As a result, the price might retest the $153.83 supply value which could further extend the coin price to hit the $160.00 upper higher level in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Accelerate More
The coin is also displaying a bullish posture, suggesting that the Quant price will accelerate more 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 $111.05 supply value during yesterday’s session has enabled the Quant price to stay strong above the resistance lines in recent times.
The market price of QNTUSD has just broken up the EMA-50 at the $112.78 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.
This significant increase in buying pressure could bolster the asset’s sustainability and enhance the price to accelerate above the $115.00 mark.
In a like manner, the daily stochastic also signaled up, indicating that the price of Quant will accelerate more. Buyers are expected to continue with the trend and in this case, the price might accelerate more to the $160.00 resistance value soon in its medium-term perspective.
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