Quant Price Forecast: October 16
The Quant (QNTUSD) pair holds a bullish trend continuation opportunity as it is on its way to the upper resistance trend lines, the coin price will rise further. The coin price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $115.00 previous high value, we can expect a good upside momentum up to a $130.00 upper high mark, leading to a higher profit for the coin traders.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $84.00, $83.00, $82.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving average. 
The price bar can be seen slightly below the EMA-50. Thus, the bulls hold a bullish trend continuation opportunity and are capable of pushing higher from this trend line.
Sellers’ pressure on the coin to the $84.34 support level in the past few days has contributed to its slowness in its recent price level.
The QNTUSD market finds a reliable resistance at the $121.707 mark above the EMA-9, resulting in intraday gains as the daily chart resumes today. This suggests the returns of the long traders and also shows that buyers are actively buying at this time. Thus, more upsides are possible if it breaches the moving average line.
Additionally, the crypto suggests an uptrend, under the influence of this market level, the coin should rise steadily soon and break up the previous high at the $115.00 level to reach the $130.00 upper resistance level soon as the crypto market holds a bullish trend continuation opportunity in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
Quant remains bullish on the medium-term time frames. This is clear as we can see the prices trading above the EMA-50. Further, the coin holds a bullish trend continuation opportunity as it climbs toward the upper resistance trend area.
The sustained bullish pressure to the $87.39 supply level during the last session has made it possible for the coin to remain in an uptrend in its recent high.
The price responded to the shift in the market structure and is currently trading above the moving average at the $88.36 supply value as the 4-hour chart opens today. Thus, a strong push by the long traders above the $96.65 previous high point with a 4-hour candle closing could signify a shift in the market dynamics.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase.
Additionally, the crypto is making a correction, therefore, there may be a potential rise in the price of QNTUSD and this may possibly reach the $115.00 high trend line in the coming days in its medium-term outlook.
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