Quant Price Forecast: December 16
QNTUSD pair is rising at the moment. The coin price is trending up and may reach the $130.00 supply level soon. A decisive break below $82.41 would result in additional losses for the coin. A daily candlestick above the mentioned supply level, on the other hand, would invalidate any bearish theory. As a result, if buyers can put more effort into their market tension, the trend will shift upward to the $130.00 high value.
Key Levels:
Resistance Levels: $115.00, $116.00, $117.00
Support Levels: $84.00, $83.00, $82.00
QNTUSD Long-term Trend: Bullish (Daily chart)
On higher time frames, the QNTUSD price is trending up and remains bullish. This is obvious because prices are trading above the EMA-50. 
This is due to the significant impact of buy investors. The bulls’ high order flow during yesterday’s session contributed to this bullishness.
Today’s daily chart, however, shows a broader recovery in prices. As the bulls took their stand to continue trending up, the Quant price jumped up to a $117.76 supply level above the EMA-50 as of the time of writing this article.
As a result, staying above the EMA-50 indicates a high likelihood of a bullish correction. A strong breakup above the $117.76 current resistance level would amplify bullish pressure.
Meanwhile, the market price of Quant is pointing up on the daily stochastic, this means that the bulls may continue trending up, hence, the expected upside move in the coin price could be high at $130.00 value soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Is Trending up to the $130.00 Supply Level
The Quant price is currently trending up and remains in a bullish market in its medium-term outlook. Furthermore, the coin is trading above the 50-day moving average, indicating an uptrend.
The sustained bullish pressure to a $115.38 high level in the previous action has led to the coin’s recent high.
As the 4-hour chart resumes today, the bulls have reached the resistance level of $115.61 above the EMA-50. However, the buy traders could not relent, as they aim to continue trending up and drag the price further to a significant level.
However, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of QNTUSD to a high level at the upsides and the $130.00 supply trend line might be the target also in the future in its medium-term.
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