Quant (QNTUSD) Price May Likely Increase in Buying Volume

Quant Price Forecast: November 28
Today, the QNTUSD pair sends a clear bullish signal that the bulls are still strong. Quant (QNTUSD) price may likely increase in buying volume. If the forces from buyers in the market should increase and the prices are sustained above the $235.000 high level, the bullish rally may plunge the coin price to the $400.000 supply level trend line.

Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $101.200, $101.100, $101.000

QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the price flow, the long-term market shows a bullish race. The prices of Quant are above the moving averages and have confirmed a bullish momentum breaking the previous high at $114.720 value.

The buy investors actually made a jump to the $118.163 supply value above the EMA-9 during yesterday’s session and sustained it; this really enabled traders to sustain the upward rally.

The momentum continues today as the bulls made an increase to a high at the $120.618 supply mark above the EMA-9 approaching the upper resistance line as the 1-hourly chart opens today.

If the QNTUSD price currently closes above the $192.689 supply mark, and with sustained buying pressure, it is likely to retest the $235.000 supply zone.

A further downward is unlikely as the momentum indicator is pointing in an upward direction of the daily stochastic, this means that the price Quant may likely continue the bullish correction phase, and the $400.000 supply trend line and beyond may be the target as the market remains bullish soon in its long term perspective.

QNTUSD Medium-term Trend: Bearish (4H chart)

QNTUSD Will Increase Further
Despite the interference from the sell traders on the lower time frame, the price of QNTUSD remains in an upward move.

The buyer investors made a strong ride to the $120.618 resistance level above the two EMAs as the 4-hourly chart opens today.

Hence, if the coin buyers manage to break the above the $235.000 supply trend line, the market participants may witness a new recovery rally and this may reach a high above the mentioned resistance value.

Similarly, there is a high probability of Quant price going up to its recent swing high, which is the $235.000 level as the daily stochastic signal is in an upward direction; this may possibly increase the coin price to the $400.000 supply mark in the coming days in the medium-term outlook.

Place winning Quant trades with us. Get QNT here