Quant (QNTUSD) Next Price Target May Be $235.000 High Level

Quant Price Forecast: November 1
QNTUSD is now trading in an ascending channel. Should buyers change their orientation and stop further selling pressure; the bullish pattern may increase the coin price to retest the previous high at the $192.689 value which might possibly hit the $235.000 supply trend line.

Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $151.400, $151.300, $151.200
QNTUSD Long-term Trend: Bullish (Daily chart)
The momentum on the higher timeframes (1D) is starting to turn undeniably bullish. The lack of a bearish continuation is also distinctly seen in the chart.

As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The coin price at a $168.454 high value is undeniably bullish as the daily session opens today. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $192.689 supply mark.

More so, the Quant price may likely continue in the same bullish trend as the market is pointing up below the 20% range of the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $235.000 supply trend line might be the target soon in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price to Revisit the $235.000 High Value Soon
The currency pair is showing a bullish sentiment in its medium-term outlook. The price actions can be seen above the EMA- 9 and slightly below the EMA-50.
Earlier today, the bulls caused a rise to the $170.962 supply level after which the sell traders intervened and smashed the price of Quant down to a low at the $168.454 level. Hence, investors who join the market at a lower price will also make more gains.

Meanwhile, the QNTUSD pair may likely reverse and face the upsides soon as the bulls are seen clustered around the market at the present. The selling pressure might possibly be hibernated and the upcoming bullish pattern may turn up to a $235.000 resistance trend line soon in the medium-term outlook.

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