Quant Price Forecast: November 18
Due to high volatility in the crypto market, QNTUSD‘s price claims another bullish cycle and also trades in an uptrend at the moment despite the moves from the short traders. This bullish correction phase is due to the high impact of the bulls. Therefore, if the buy investors should add more strength to their inflows in the market and close above the $115.00 supply value, the crypto price may extend towards the $120.00 upper high value.
Key Levels:
Resistance Levels: $104.00, $105.00, $106.00
Support Levels: $89.00, $88.00, $87.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The long-term outlook shows that Quant price at the moment claims another bullish cycle as we can see vividly that coin price is in an upward movement and showing a bullish posture as well. Prices are traded above the EMA-50 and have claimed another bullish cycle above the $105.95 previous high level.
The Quant price has been rising for a few consecutive days and has registered significant growth above the supply trend lines in its recent high.
As the daily session commences today, the altcoin price, which is currently at a high of $109.90 value above the moving averages, is a sign that buyers are still in control and dominate the coin market.
Meanwhile, staying and trading in the upper-rising channel will give buyers the tendency to influence the price of QNTUSD. If the bulls shift their focus and push higher, the price of QNTUSD may increase further to retest the $115.00 previous supply level which could meet the $120.00 upper resistance level soon as it claims another bullish cycle in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Claims Another Bullish Cycle
The coin is also positive and claims another bullish cycle in its medium-term time frame, trading in a bullish trend. Furthermore, the price of QNTUSD is rising and moving towards the upper resistance territory to achieve more gains.
A correction move by the coin buyers to a high level of $107.84 suggested that more active buyers were returning to the market to drive the QNTUSD market higher.
This bullish breakout offers suitable footing for buyers, which may prolong this rally up and higher to reach the upper resistance trend line.
Additionally, the market is in an uptrend and poised for a buy, according to the daily stochastic. This will enable buyers to aggressively push the price of QNTUSD up and the $120.00 upper resistance value might be the target soon as the price claims another bullish cycle in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply