Quant Price Forecast: December 20
There is a possibility for the Quant (QNTUSD) price to reverse and break up the $235.000 resistance mark for a new bullish cycle. If the forces from buyers in the market should increase and the current support level at $110.000 holds, the coin price might possibly hit the $350.000 upper high value and beyond.
Key Levels:
Resistance Levels: $225.200, $225.300, $225.400
Support Levels: $112.000., $111.000, $110.000
QNTUSD Long-term Trend: Bearish (Daily chart)
The momentum on the long-term outlook looks bearish but it is starting to turn bullish as can be seen from the chart now. The price of Quant is currently trading below the resistance trend lines and also at the oversold region. So it seems likely that the bulls are about to take over and push us higher.
The crypto has been having a lower low and lowers high in the previous action which has made it difficult for the coin to rise above the supply trend lines.
The interactions from the short traders have caused a drop in the coin price to a low at the $110.000 support level as the daily chart opens today. Now, if the bulls could change their orientation and closes the daily chart above the $235.000 supply mark, then there is a high probability of the price going up to hit the $350.000 resistance value in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to break up the $235.000 Resistance Value
The coin is in a bearish trend in its short-term perspective as can be seen from the chart above. The price bar can be seen below the supply trend lines indicating a downward trend.
The buy trader made an increase to a $110.000 supply level shortly after today’s 15-minute chart opens as the coin holders return to the market to push the crypto market to the upside. The market price of QNTUSD is currently trading at the resistance level of $110.000; this assures or confirms the bull’s return to the market.
The coin is oversold already and ready for an upward trend, with this intended action, the coin might likely reach $350. 000 high level soon in its medium-term perspective.
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