Quant Price Forecast: October 24
At the moment the QNTUSD market still maintains and remains in an uptrend. Thus, the price could turn upside and go higher if the buyers could add more aggression and break up the $235.000 supply trend line, the next bull target might be a $450.000 upper resistance value.
Key Levels:
Resistance Levels: $235.200, $235.300, $235.400
Support Levels: $173.500, $173.400, $173.300
QNTUSD Long-term Trend: Bullish (Daily chart)
On the daily chart, the Quant market still trades in a bullish trend. The sustained bullish pressure on the 21st of October at a $192.689 high value actually made it capable for the buy investors to retain the upward strength.
Today, despite the inflow by the sellers the price of QNTUSD remains in an uptrend at the $173.587 support value which is above the EMA-50, an indication of an uptrend in the context of the market‘s strength.
A possible breakout by the buy traders from the mentioned support level will provide a higher float for buyers and prolong the forthcoming recovery.
Hence, more upsides are possible as the coin price approaches the oversold region, it means that the selling pressure will end soon and the bulls may likely resume the bullish race.
If the bulls should add extra efforts to their market activities and a change in trend is achieved, this new and upcoming bullish pattern could lead the crypto price to a high at the $450 upper supply mark in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The price of QNTUSD is in a bearish move in its medium time frame. The prices are seen slightly below the moving averages, this is due to the brief returns of the sellers which may soon fade off.
Now, price action at the $175.828 supply value as the 4-hourly chart opens today indicates the return of the long traders to stage a play and dominate the market actions. Should the buyers prove strongly and move the price above the previous high at the $233.000 mark, further selling pressure will be invalidated.
Furthermore, Quant price which is pointing up at around level 39% approaching the overbought region also indicates that the price is about to experience a change in trend and in this case an uptrend. So, we can now expect the continuation to the uphill to likely touch the $450.000 high trend line sooner in its medium-term outlook.
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