Quant Price Forecast: December 8
The QNTUSD price is bound to move up and gain more strength if all the current support holds and the bulls should increase their momentum and break up the $235.000 resistance trend line, the price may turn upsides and extend crypto price to the $400.000 upper high level. Quant (QNTUSD) Price Set to Retrace at $120.216 Value.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $120.200, $120.100, $120.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
The momentum on the higher timeframes (1D) is bearish. The lack of a bullish continuation is also distinctly seen in the chart.
The sustained selling pressure at $118.349 as the low of the day during yesterday’s session has made the QNTUSD price trade in the bearish trend market at the moment. However, this will soon be invalidated as the bulls are ready to take over the market disposition now.
As an outcome of low bullish momentum, sellers are hindering the market from smashing through the resistance zones. The coin price at a $120.216 low value is undeniably bearish as the daily session opens today. Thus, buyers must redouble their efforts and break out from the mentioned support to forecast a bullish increase in the market above the $235.000 supply mark.
In addition, the Quant price may likely retrace from the current support if more buying pressure can be put on the market activities. The coin price could break above the resistance trend line which may likely push the price to a $400.000 high value in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Retrace at $120.216 Value
The currency pair is showing a bearish sentiment in its medium-term outlook. The price actions can be seen below the resistance lines. Further, this trend will soon be knocked off as the bulls are now set for a recovery rally.
After a series of downside movements, the bulls eventually made an increase to the $120.216 resistance level below the moving average lines as the 4-hourly session begins today. This indicates that the bulls are now set for an increase and to dominate the market prices.
A breakout above the mentioned supply trend line will trigger this chart pattern and replenish the bullish momentum.
Similarly, the price indicator which is also pointing up at around level 13% in the oversold region of the daily stochastic implies that the bullish correction pattern will definitely continue, if this is achieved, the $400.000 upper resistance mark might be the target in the coming days in its medium-term perspective.
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