Quant Price Forecast: December 10
The QNTUSD pair is very likely to continue growing as the bulls will not relent in pushing the crypto higher for a time to buy now. The coin may likely remain in the same trend and further rise up to the $300.000 high level if all the support holds and the buy traders could exert more force into the market.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $115.300, $115.200, $115.100
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD market turns positive today. The currency pair’s orientation trades in a general bullish flow in the long-term outlook. Further, the price bar can be seen above the supply trend levels.
The coin has been experiencing a bullish impact over the past few days which has made the crypto sustain its upward momentum.
The bulls caused a rise to a $118.163 high level above the moving average lines as the daily chart opens today. This affirms the high impact of the buy investors in the market.
Furthermore, buyers have struggled to sustain above the $192.689 supply level in the previous action, therefore, if buyers continue to hold this momentum, the coin price may break up the previous swing high at the $235.000 resistance value.
Similarly, the market price is pointing upwards on the daily stochastic; this implies that the price action of Quant is in an uptrend, and in this case, the coin is liable to jump further to reach the $300.000 supply value in the coming days in its long-term perspective as we watch the market remains bullish.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Will Move Higher, Time to Buy!
The continuous inflow from buyers has made the Quant price remain bullish in its medium-term outlook. This means that the price is trading above the supply trend levels.
The coin has been making higher highs and higher lows in the previous action which really makes it possible for the coin to maintain stable upside moves.
The bulls made a strong bullish move to a $118.163 high level above the resistance trend lines to gain more strength as the 4-hourly chart opens today. This bullish breakout will offer the first signal for potential recovery and provide a higher footing to push the bull rally forward.
As a result, the post-breakout rally could drive the QNTUSD price higher to the upper supply level as the momentum indicator shows that the market is oversold already. We now expect the buy investors to push the crypto further up to a significant level around the $300.000 high level in the days in its medium-term outlook.
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