Quant (QNTUSD) price will keep rising; at the moment the crypto is currently recovering and facing the upper channel. Thus, if the coin closes above a $199.500 high mark, the accelerated buying pressure may increase the price to revisit the $235.000 resistance level which may further extend to the $400.000 high level resulting in an intraday gain for the coin buyers.
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $110.000, $109.000, $108.000
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD pair remains bullish on the higher time frames. This is clear as we can see price continues to make higher highs and higher lows.
We have also spotted a counter-trend line breakout in the direction of the bigger picture trend, which singles the potential end of a pullback and the start of a continuation to the upside.
The coin price finds reliable resistance at around the $123.000 level above the moving average lines, resulting in intraday gains as the daily chart opens today.
This will prolong the upward rally and fuel the release of more buy investors into the market.
As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Quant could jump up to hit the $400.000 supply mark sooner in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
Analyzing the chart below, we can clearly see that QNTUSD is in a strong bullish market zone. The price currently trades above the two EMAs making higher highs and moving toward the major upper resistance area.
The successful breakout by the bulls to the $119.922 supply value during yesterday’s session has made it possible for the crypto market to retain its bullish strength.
The strong push by buyers to the $123.000 resistance trend line above the moving averages as the 4-hourly chart opens today shows that the buying activities is rising. Thus, if the long traders could break above the $235.000 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Quant to a high at $400.000 resistance value soon in its medium-term outlook
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