Quant Price Forecast: December 13
The QNTUSD is set to rise again after completing the downward movement. Therefore if all the support holds and the resistance broke further out of $192.698, then we could see a shift in the trend. This may extend the coin price to the $350.000 supply trend line and beyond.
Key Levels:
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $115.000, $114.000, $113.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD price is trading below the moving average lines in its long-term outlook. This means that the short traders are involved and the crypto is in a bearish market zone. The bears’ interaction at the $118.870 support value in the previous action has made the coin remain below the supply trend line. Thus, this will soon be hibernated as the bulls are now set to rise again.
The bulls are not relenting as they returned to the market and push the coin price up to a $119.000 high level below the two EMAs as a pullback as the daily chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their buying pressure in the market, the price is poised to pump up above the key resistance around the $350.000 value.
Also, the momentum indicator which is pointing up indicates that the price of Quant is in an uptrend and may possibly remain in that direction to hit the $350.000 supply level and beyond soon in the higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Is Rising Again
The QNTUSD rebounded after its massive drops in its medium-term perspective. The coin price is now in green below the two EMAs. The market shows that the price may now be trading in a new ascending channel. The bears made a drop in the crypto price to $118.870 during yesterday’s session and sustained it.
After the intervention from the short traders at the $116.430 low value, the bulls made a corrective rally up to a $119.000 high level below the moving averages shortly after the 4-hourly session opened today. This suggests the return of the coin holders to dominate the market and to further increase the coin market price.
If the bulls should change their orientation and push the price higher, closing above the$192.698 resistance level will invalidate any further bearish thesis.
Further, the Quant price is pointing upwards indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish correction phase might possibly reach the $350.000 resistance level in the coming days in its medium-term outlook.
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