Quant Price Forecast: October 25
In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break up the resistance level at $235.000 and this may increase the Quant price to a $500.000 upper high trend line. Quant (QNTUSD) Price May Breakup the $235.000 Supply Mark Soon
Key Levels:
Resistance Levels: $240.100, $240.200, $240.300
Support Levels: $172.300, $172.200, $172.100
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-50.
The coin price finds reliable support at around $172.141 above the EMA-9, resulting in intraday gains. Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction.
If the Quant price currently exchanges hands at the $172.141 support mark, and with sustained buying pressure, it is likely to retest the $235.000 supply zone.
Further, the coin price now approaches the oversold region, this suggests a shift in trend soon and this forthcoming development may drive the crypto price to test the previous high at $235.000 and extend to the $500.000 upper resistance trend line in the day ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Resuming an Uptrend Soon
Due to the inflow from the sellers, the QNTUSD price is now in the bearish trend in its medium-term perspective.
The price action at a $172.141 low value slightly below the two EMAs glued together indicates low bullish momentum. Thus, investors who buy during the massive bearish market will also make profits.
Thus, dropping to the oversold region as indicated by the price projector shows a high possibility for price reversal. Then there is a high probability of the coin price going up to its recent swing high, which is $235.000, this may possibly increase to the $500.000 supply mark in the coming days in the medium-term outlook.
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