Quant Price Forecast: November 7
QNTUSD price is bound to face the positive side and gain more strength if all the current support holds in place and the bulls should increase their momentum and break up the $192.689 resistance level, the price may turn upsides and retest a $235.000 upper high resulting to more gains for the coin buyers.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $161.500, $161.400, $161.300 
QNTUSD Long-term Trend: Bullish (Daily chart)
The momentum on the higher timeframes (1D) is bullish. The price bar can be seen above the EMA-50 as shown on the chart.
Now, buyers are hindering the market from smashing through the support zones. The Quant price at the $161.568 support value above the EMA-50 as the daily session opens today suggests an uptrend and would bolster further growth for the coin holders. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $192.689 supply mark.
Additionally, the daily stochastic is also showing the market is approaching the oversold region, this means that the QNTUSD pair will soon be ready for a buy.
This will enable buyers to aggressively push the coin price and break above the $192.689 resistance value. This may likely extend the crypto’s price to revisit the $235.000 supply mark in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD to Break above the $192.689 High Value Soon
The currency pair is showing a bearish sentiment in its medium-term outlook. The price actions can be seen below the moving averages which are glued together.
Earlier today, the bulls caused a rise to the $167.176 supply level after which the sell traders intervened and smashed the price of Quant down to a low at the $161.150 support level. Hence, investors who join the market at a lower price will also make more gains.
Meanwhile, the QNTUSD pair might possibly reverse and face the upsides soon as shown by the momentum indicator approaching the oversold region. This implies that the selling pressure will soon be hibernated and the upcoming bullish pattern may turn up and break above the $192.689 resistance trend line soon in the medium-term outlook.
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