Quant (QNTUSD) Price Remains Pressured above the $112.29 High Value

Quant Price Forecast: November 17
QNTUSD at the moment is trying hard not to fall by resisting the sellers, in case the bulls’ pressure breaks up the resistance level of $227.00, the coin price may increase further to a $400.00 high trend line which indeed will be a turnaround for the coin holders. Quant (QNTUSD) Price Remains Pressured above the $112.29 High Value.

Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $115.50, $115.40, $115.30

QNTUSD Long-term Trend: Bearish (Daily chart)
The price of Quant is currently trading in a bearish zone in its long-term view. The pressure from sellers actually adds to the bearish impact on the market.

However, the bulls override this and move the coin price up to the $120.85 resistance level slightly below the EMA-9 as the daily chart opens today.

The pair however shows the continuation of bullish sentiment. After testing the lows of $115.00 in the previous action, the sellers look exhausted while the price of QNTUSD remains above the $112.29 value as the price continues to sustain an upward move as indicated by the momentum indicator. But the downside risk remained uncertain. Thus, the next bulls’ target might be the $400.00 high level in the days ahead in its long-term outlook.

QNTUSD Medium-term Trend: Bullish (4H chart)

QNTUSD Remains Strong above the $112.29 Supply Value
The price of Quant opened lower but managed to trade in green over the past minutes. This means that the coin is in a bullish trend zone.

The coin price at the $121.45 support value which is above the EMA-9 as the 4-hourly chart opens today indicates an uptrend and a more bullish impact on the coin. Thus, staying above the $112.29 value will make it capable for the coin price to rise further.

However, there is a possibility of a further increase in the price of the crypto, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at $400.00 at the upside might be reached soon in its medium-term time frame.

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