Quant Price Forecast: November 29
It is about time for the Quant price to begin its uptick move. The coin dumps may likely end soon to resume its upside move. If the current support at the $99.00 value holds, further increase in the bulls’ pressure may break the $115.00 supply level and this may swing the price up to a $130.00 high level.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $89.00, $88.00, $87.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is in a bearish trend in its long-term outlook. The market has been slowed down due to the persistent interaction from the bears in the previous action which may end soon.
Today, after hitting the $99.36 support value, the QNTUSD price faces the lower support and drops further to the $99.00 low value below the supply trend levels as the daily chart opens. This is a result of the high bearish impact on the crypto market at the moment.
Hence, more intraday gains would be recorded for the buy investors if the bulls exchange hands with the sell traders at the mentioned support and close a candle above the $115.00 resistance value.
Notably, the market price of Quant is trading at the oversold region; this means that the QNTUSD dumps may end soon. This will bring the emergence of the buy traders as soon as possible to change the trend to the upside.
If this is attained by the coin buyers, the next jump by the bulls may reach the $130.00 upper resistance level in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)QNTUSD Dumps to End Soon
With the look of things, the QNTUSD dumps may end soon on the medium-term outlook. The bearish momentum seems to be exhausted as the coin prices can be seen trading in the oversold region. So it seems likely that the bulls are about to take over and push us higher.
Pressure from the bears to the $101.14 low value in the previous action has sustained its downward stability in its recent low.
The coin price on the 4-hour chart today is currently facing lower support and trading at the $99.36 low level. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Adding to that, if additional selling power is prevented, a post-retest rally may drive the Quant prices high to hit the $130.00 resistance level in the coming days as the Quant dump ends soon in its medium-term time frame.
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