Quant Price Forecast: March 17
The Quant (QNTUSD) price may likely rise further above the current resistance level and the $400.000 supply level might be the target. After testing the bottom support, a usual response would be a bullish reversal; if buyers should triple their efforts to forecast a bullish increase in the market above the $235.000 resistance level, the $400.00 upper high level may be reached soon.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $108.000, $107.000, $106.000
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD displays a bullish trend and an optimistic outlook in the long-term outlook. The coin is trading above the two EMAs. However, the market is currently seeing resistance at the most recent high.
During yesterday's session, the bulls were able to push the cryptocurrency up to the $132.990 barrier level, boosting the price and preparing it for an uptrend in its recent high.
Earlier today, the bulls caused a rise in the price of Quant to a high at $130.409 level above the moving averages. This current trend will enable the price to remain in the upsides and rises or breakout to the upsides. This however creates a strong area of interest for buyers.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $400.000 upper resistance level soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
The Quant market remains in a bullish trend in its medium-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the moving average lines, this confirms a bullish trend.
The bulls’ pressure on the crypto in the past few hours has moved the price up above the supply trend levels in its recent high.
The coin price finds reliable resistance at around $129.335 level above the two EMAs, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
This is an indication that the bulls are actually buying the coin and also set to move the coin price to the overhead resistance value. If the bulls should increase their price action, and bullish momentum is sustained above the $151.792 high value, the ongoing correction will be prolonged and this might possibly retest the $235.000 previous high which may eventually extend to the $400.000 supply value in the coming days in its medium-term perspective.
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