Quant Price Forecast: December 15
The Quant (QNTUSD) price is likely to grow more and is an opportunity for long investors. Having finished the downward correction, the crypto might likely continue its upside move if the current support at $118.870 value holds, and the daily chart closes above the $199.500 resistance level, then there is a high probability of the price going up to its recent swing high, which is $235.000 resistance trend line.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $118.000, $117.000, $116.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the EMA-9 with its wick touching the EMA-50. This is an indication of an uptrend. The bullish reversal at the $121.707 high value in the previous action has sustained the crypto above the trend line.
As a result of price rejection in the previous action, buyers have been able to push the price of Quant higher to a $123.499 high level above the EMA-9 as the daily session opens today.
Actions from buyers have also increased the coin further up to the $125.356 resistance value as it journeys up north. More gains are possible if the bulls can put extra effort into the price action.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price might possibly retest the $235.000 supply value in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Will Grow More
The coin is now displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. The increase in the momentum by the bulls at the $132.989 supply value during yesterday’s session has enabled the Quant price to stay strong above the resistance lines.
The market price of QNTUSD has just broken up the two EMAs which are glued together at the $123.499 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $199.500 previous high, the resulting rally may surpass the $235.000 level and hit the $400.000 psychological level at the upside in the day ahead in its medium-term perspective.
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