Quant Price Forecast: March 23
The Quant market shows stability as it approaches a higher level and remains bullish which also looks promising for long-term investors at the present. The coin price will most likely continue its bullish run if the bulls regroup and push higher, a bullish breakout from the $155.57 previous high will accelerate the new correction phase. This could pave the way for the crypto to aim for a higher resistance at the $150.00 level.
Key Levels:
Resistance Levels: $123.00, $124.00, $125.00
Support Levels: $109.00, $108.00, $107.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD is in a positive movement today. The price shows stability and remains bullish as it approaches the upper high level in its higher time frame. This looks nice for the buy trader and signifies a buy signal. 
The bullish candle which closed at a $124.24 high value during yesterday’s session is responsible for this upward stability in recent times.
At the time of writing this article today, the bulls broke out to a high at the $131.00 resistance mark above the moving average lines; this is an indication of more forces from the buy traders and bullish commitment.
Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction. Therefore, if the bulls show stability above the $155.57 supply mark as it approaches the upper high level, further growth potential would be gained by the long traders.
The momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the Quant price might extend to a $160.00 upper resistance value as soon as it shows stability and approaches the upper resistance levels in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD indicates an upward trend and also shows stability as it approaches the upper high level with a bullish sentiment in its medium-term perspective. The coin is trading above the level of $124.38 and presently facing upper resistance at the recent high. 
The high bullish impact on the crypto at the $124.34 high level in the previous action has enabled it to show stability above the resistance levels in its recent high.
The coin price rises significantly above the resistance trend lines at the $127.51 level as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, the Quant price is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction.
We can certainly expect more gains and strength from the coin as the bulls continue to show stability as it approach the upper high level. The pair may likely reach the $160.00 resistance level in the days ahead in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply