Quant Price Forecast: November 11
QNTUSD price action may increase and break above the resistance value at $235.000 provided the bulls increase their buying pressure. This may cause the coin price to further extend to the $400.000 high mark and beyond.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $103.500, $103.400, $103.300
QNTUSD Long-term Trend: Bearish (Daily chart)
On the daily chart, the QNTUSD pair is trading below the moving averages, which means that it’s in a bearish trend zone.
However, the coin price finds reliable resistance at around the level of $127.219 value above the EMA-9 as the daily chart opens today, resulting in intraday gains.
This indicates that the bulls are currently in control and remain dominant in the market price.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of the buyers to push the price of Quant further up to a significant level and in this case, the bullish rally might break up the $235.000 supply mark and the $400.000 high trend line might be the target in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
The price of QNTUSD is in a bearish move in its medium time frame. The prices are seen slightly below the moving averages. Sellers are now involved in the order flow. 
The coin price found support at the $115.210 level below the resistance trend lines. Should buyers prove strong and move the price of QNTUSD above the previous high at the $192.169 mark, further selling pressure will be invalidated.
Hence, the Quant market may likely retrace at the mentioned support level as the price is around the oversold region at the present. This implies that the buying momentum may end sooner and the bullish move will resume in no long time.
The upcoming bullish correction phase might possibly break above the previous high at the $235.000 mark which may likely grow to reach the $400.000 resistance level in the days ahead in its medium-term time frame.
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