Quant Price Forecast: October 22
The QNTUSD pair is more likely to climb above the $235.000 resistance value soon to resume its bullish runs if the bulls regroup and push higher. The mentioned resistance level and beyond might be the target.
Key Levels:
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $172.400, $172.300, $172.200 
QNTUSD Long-term Trend: Bullish (Daily chart)
The market value of QNTUSD on the daily chart still remains in an uptrend despite the moves from the sellers. The price can be seen trading above the EMA-50 as the bulls will not relent in their efforts at keeping the coin.
The coin price at the $165.983 support level above the EMA-50 is an indication that the momentum in the price of the coin is in an uptrend as the bulls are still in control of the market price.
Further, staying above the EMA-50 will make it capable for the buy investors to influence the price tendency. Therefore, if the bulls could push strongly, the coin price may break up the $235.00 supply value soon.
Nevertheless, today’s price drop has still not stalled the bull run as it remains intact. Traders might seize this opportunity to invest in the coin now at a cheaper rate.
In addition, the price of Quant now approaches the oversold region, it means that the dip movement will soon end and the bulls will likely resume the bullish pattern soon. This upcoming bull race may possibly surge above the $250.000 supply trend line in the coming days in its higher time view.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Retesting the $350.000 High-Level Soon
QNTUSD is in a bearish market zone in its medium-term perspective. As an outcome of low bullish momentum, the sellers are hindering the market from smashing through the resistance zones.
The price hovers at around the $165.983 support level as the 4-hourly chart opens today. There is a likelihood of a price reversal soon if the bulls should change their orientation and push the price higher.
Additionally, the price of Quant is pointing down below the 20% range in the oversold region of the stochastic, this suggests that the selling pressure will soon be exhausted, so, we can now be looking at the emergence of the buy traders shortly. $250.000 in the resistance area might be the target as we cross our fingers and watch out for BUY soon in its lower time frame.
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