Quant Price Forecast: November 24
It is actually time to grow again for the QNTUSD pair as the cryptocurrency maintains a stable upside moves today. Quant (QNTUSD) price recovery is set to target the $400.000 supply mark. Crypto has increased to the $113.039 resistance level and might actually face more upsides if the bulls increase their activities in the market. The $400.000 high value might be the target.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $101.100, $101.90, $101.80
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the QNTUSD market, the long-term outlook shows a bullish race. As can be seen from the chart, bullish momentum is accumulating on the pair right now.
The coin price distribution at the moment has risen to a $113.039 high level which is above the EMA-9 trying to reach the EMA-50 shortly after the daily chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner.
Thus, should the buy investors put more effort and close the daily chart above the $235.000 supply trend line, further bearish sentiment will be invalidated.
Similarly, the price indicator which is also pointing up at around level 42% approaching the overbought region suggests that the Quant price is in an uptrend, this implies that the bullish correction pattern will definitely continue if this is achieved, $400.000 upper resistance mark might be the target in the coming days in its long time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Recovery to Reach the $400.000 High-Value
QNTUSD price can be seen in a smooth uptrend in its medium-term time frame. The coin is losing bearish momentum as it rises above the $111.381 resistance level as the 4-hourly chart opens today.
Despite the inflow from the short traders, buyers successfully pushed the coin price up to the $113.039 supply value above the moving averages as the journey up north continues. This suggests an uptrend as well as an indication that the buy traders are actually investing in the Quant at the present. Thus, a turnaround for the coin holders and more intraday gains as well for the buy investors.
Meanwhile, the QNTUSD price may likely rise further as the bulls are seen clustered around the market and the price indicator shows an upward trend, the next bull ride could reach the $400.000 supply mark in its lower time frame.
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