Quant Price Forecast: November 21
QNTUSD is on its way to the resistance trend line zone. Quant (QNTUSD) price is on the verge of more upsides. The coin price may likely rise further if the bulls could push the price high and the market price sustains above the $199.500 mark, the potential rally could surge above the $235.000 higher level to hit the $400.000 upper resistance value.
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $95.500, $95.400, $95.300
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is in a bearish trend zone in its long-term outlook. The bulls have been in control of the market for the past few days. However, the price action has dropped since yesterday’s interference from the bears that moved the price down to the $115.448 low level at the close of yesterday’s session.
The bulls couldn’t relent, the correction moved at the $116.430 resistance value slightly below the moving average lines as the daily chart opens today affirming the return of the long investors into the market to move the prices higher.
Thus, if the bulls add more efforts to their activities in the market the upcoming bullish pattern could drive the price of Quant higher to retest the previous high at the $355.00 supply level which will be a big turnaround for the buyers.
Further, more upsides are certain as the price indicator signals an uptrend. It is therefore expected that the long traders will push the coin price up and this might extend the price to the $400.000 high mark in the nearby days in its long-term time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Will Increase Higher
The momentum on the medium-term time frame is also distinctly bearish. Nevertheless, it seems the bulls will take over the price of Quant soon and push us higher as the market now trades at the oversold region.
The bulls returned and successfully pushed the coin market to a high at the $116.430 level below the two EMAs; this means that buyers are coming in gradually to dictate the market conditions at the present. Thus, a turnaround for the crypto holders.
Meanwhile, the price of the QNTUSD pair may likely rise further as the bulls are seen clustered around the market, the next target could be the $400.000 supply mark in days ahead in its medium-term time frame.
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