Quant Price Forecast: April 30
The Quant price forecast is that the coin to continue its gradual and consistent resurgence toward the $125.25 resistance level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $125.25, $115.00
Zones of Demand: $106.90, $101.30, $88.70
The Quant market makes a gradual and consistent resurgence off the $106.90 demand level. There has been an initial breach of the $115.00 level, but the price has dropped to the rising trendline. However, the price is expected to rise strongly again and drive upward toward the $125.25 resistance level.
Quant Price Forecast: QNT/USD Outlook
The attempt by the buyers to spark a rally after the price dropped to $106.90 on March 9 was inventive. The market formed a symmetrical triangle shape. Nevertheless, it didn’t help the price fly.
The coin eventually dipped to the $106.90 demand level by April 20th. Notwithstanding, there is cause for optimism as the market immediately begins its resurgence from that level.
The $115.00 resistance level is trying to keep the price low, but early indications show the price will push through. The Momentum indicator shows an increase in bullish impulse as the gradual resurgence continues.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The price has pierced through $115.00 once but was rejected upon reaching the MA period 30 (Moving Average) and has dropped back to the rising trendline. The price is below the MA period 30 on the 4-hour time frame but will likely trade above the MA period 30 shortly.
On the 4-hour timeframe, the Momentum indicator shows a drop in bullish impulse as the price drops back to the rising trendline. The Momentum indicator will rise again as the price bounces off the trendline. The goal of the market is to go back to the $125.25 level and hold above it.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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