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Quant Price Forecast – September 9th
The Quant price forecast indicates a strong bullish rally in the crypto market as it climbs back toward the significant $73,000 price level.
QNTUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels
Support Levels: $55,000, $50,000
Resistance Levels: $73,000, $81,400
The Quant cryptocurrency market has recently experienced a notable surge, with buyers initiating a strong bullish rally. After dipping to the $55,900 key zone last month, buyers have actively driven the price upward, with the crypto now approaching the significant $73,000 level.
Quant Price Forecast: QNTUSD Outlook
In last week’s trading, the bulls maintained their momentum, successfully breaching the $62,640 market level. As buyers now approach the $73,000 price target, they are encountering some resistance, similar to the challenges faced last month when attempting to break through this crucial level.
However, given the current bullish sentiment, the possibility of buyers successfully overcoming this resistance cannot be dismissed. Technical indicators favor the buyers, with the RSI (Relative Strength Index) reflecting positive responses to the bullish momentum.
The Momentum indicator is also rising, reflecting growing buyer confidence. Traders should stay vigilant and utilize the best crypto signals before making any trades, as the Momentum indicator continues to climb.
Quant Medium Term Trend: Bullish (4-hour chart)
On the short-term timeframe, some bearish pressure has emerged, likely to cause a temporary pullback in the price. The selling pressure is evident in the lower time frame, with the RSI entering the overbought area.
A brief pullback is expected before the upward trajectory resumes. However, the overall sentiment remains bullish, with buyers in control. If the price successfully breaches the significant $73,000 level, it could pave the way for further gains in the Quant cryptocurrency.
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