Quant Price Forecast: October 14
The QNTUSD pair is now trading in an ascending channel; the coin’s bearish run faces rejection now at the $86.06 resistance level to grow more and might possibly retest the $112.48 resistance value if the buy traders could increase their buying efforts and put hold on the current supply at a $83.10 low value, the bullish pattern may increase the coin price to rise further to a $120.00 high value resulting in more gains for the buy traders.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $88.00, $87.00, $86.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
The market value of Quant can be seen in a bearish scenario in its long-term outlook. The coin price is below the EMA-50 which makes it trade in the bearish zone. Meanwhile, the coin bearish run is now facing rejection as we can see a new correction in place.
Earlier today the QNTUSD bearish run faced rejection after a series of low-dips and break out from the support trend line to a high at the $86.06 supply value below the EMA; this is an indication that the bulls are returning gradually for an increase in the coin price and to command the Quant’s price actions.
This will give room for the buy investors to influence the price tendency. Thus, a break above the $112.48 previous high mark would intensify the buying pressure on the crypto.
In conclusion, the current correction phase may likely continue as the momentum indicator now points upwards in the oversold region, in light of this, the bullish correction may reach the significant level of $120.00 supply trend line as the bulls continue with their bullish correction and remain dominant in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Bearish Run Faces Rejection
QNTUSD remains in a downward trend with a bearish sentiment in its medium-term perspective. The coin is trading below the EMA. However, the current trend will soon be nullified as the market’s bearish run now faces rejection.
The sustained bearish pressure at the $83.10 support value in the previous session has made the crypto price drop below the supply levels in its recent price level.
The QNTUSD bearish run faces rejection at the above-mentioned support and was propelled higher by the bulls until it reached a new high of $86.06 resistance mark below the moving average as the 4-hour session resumes today. This shows the level and the high impact of the buy investors on the crypto market. Thus, closing the 4-hour session above the $92.96 previous swing high will put the trade more on the buy side.
In addition, the coin is in an upward direction on the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $120.00 resistance value soon in its medium-term time frame.
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