Quant Price Forecast: November 10
QNTUSD is more likely to climb above the $250.000 high value soon to resume its bullish runs, if the bulls regroup and push higher, a bullish breakout from the $192.689 previous high will accelerate the new correction phase. The $400.000 resistance mark and beyond might be the target.
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $133.500, $133.400, $133.300
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the commitment from the sell traders.
The coin price finds reliable support at around the $132.990 level as the daily session resumes today. Nevertheless, today’s price drop to a $132.990 low value has still not stalled the bull run as the bulls are set to take charge and prevent any further dips as the market is oversold. Traders might seize this opportunity to invest in the coin now for future gains.
However, should the buy traders put in additional efforts and turn the coin market to the positive side, the prices might reach and surpass a key significant level of the $250.000 supply trend line.
Further, the Quant price is about to experience a bullish trend pattern as the market is below the 20% range of the daily stochastic. So the price could be ready very soon for another jump. In this case, the upward rally may possibly surge above the $250.000 resistance level and beyond in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD pair is in a bearish market in its short-term outlook. The pair is currently below the level of $140.000.
The big move by the bulls up to the $151.903 high mark shortly after the 4-hourly chart begins today indicates the high impacts of the bulls in the market.
The involvement of the bears however made the price trade at a $132.990 low level below the moving averages at the moment. Thus, a bullish reversal is near as the bulls are set to turn the price of Quant to the upside soon.
In addition, further downside is unlikely as the market price now trades in the oversold region; this means that additional selling power will be prevented. If this is achieved by the bulls, the coin price may likely increase to hit the previous high of $250.000 which may possibly extend to the $400.000 high value in the nearby days in its short-term outlook.
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