Quant Price Forecast: December 29
The QNTUSD pair is positive and is on its way to new resistance trend levels. The coin is possibly making its way up after hitting the $104.988 low level to signal a pump. Thus, a strong push from the current price at the $117.758 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to the $400.000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $117.000, $116.000, $115.000
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant looks bullish on the daily chart. The market price is in favor of the buy traders at the moment also, the price bar can be sighted above the EMA-9. This implies an uptrend and a bullish market which connotes a buy signal as well.
The bullish impact on the crypto during yesterday’s session has made the coin price capable of staying above the resistance level.
The coin price found a reliable resistance at the $117.758 high value above the EMA-9 approaching the upper resistance trend level as the daily session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Similarly, the QNTUSD price may likely continue its journey up to the new resistance trend levels as indicated by the daily stochastic which is pointing in an upward direction. We can therefore expect the upcoming bullish correction phase to reach a high at the $400.000 value soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Is on its Way to the New Bull Cycle
The QNTUSD pair is in a bearish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.
Activities from the bulls in the previous activities have sustained the crypto’s bullishness in recent times.
The aggressive move by the bulls pushed the Quant price up to the $117.758 resistance value above the moving average lines as the 4-hourly chart opens today. This suggests that buyers are having the market price at their disposal at the moment and may likely remain in the same direction.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. Currently, the crypto is making a correction, there may be a potential rise in the price and this may possibly retest the previous high at the $235.000 supply level which might further extend the coin price to the $400.000 high trend levels in the coming days in its medium-term outlook.
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