Quant Price Forecast: November 29
There is a possibility for the QNTUSD price to experience another bullish reversal price action and the price could be ready very soon for another upward move. If the forces from buyers in the market should increase and the current support level at $112.000 holds, the coin price may retest the $235.000 high value and beyond.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $112.400, $112.300, $112.200 
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair trades in the bearish trend zone in its long-term outlook. The intervention from sellers actually slows the pressure from the bulls down. Notwithstanding, the bulls are not relenting and are therefore preparing for the next uptrend.
The crypto at the time of writing found support at the $112.000 level below the two EMAs as the daily chart opens today. A trader who buys at this trend will also make a profit and could also buy at a lower price.
However, trading below a $118.200 low level could be a warning sign for the bulls. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.
Thus, there is an indication of more positive moves ahead as the market now approaches the oversold region. It is expected of buyers to move the price of Quant upward and turn the coin into a bullish market soon. $235.000 in the supply area might be retested and this may likely extend the coin price to the $ 400.000 resistance level in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Revisit the $235.000 High Value Soon
In the lower time frame, the QNTUSD pair is trading in the bearish market zone. The coin price may commence bullish movement soon if the support level at $112.000 holds.
A further rise in the price of the coin by the buyers to a $113.789 high level below the moving averages occur today during the 4-hourly session after which the short traders came in and dropped the price down to a $112.000 low level.
However, the crypto will gain more strength if the buy traders could add more aggression to their buying pressure in the market.
Hence, more upsides are likely as the market reaches the oversold region. This means that the selling pressure has ended, and we will now be looking at the emergence of more bullish forces in the market as the long traders take us up to a $400.000 psychological level at the upside in the coming days in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply