Quant Price Forecast: December 4
The QNTUSD pair is possibly making its way up and approaching the new resistance trend levels after hitting the $99.97 low level to signal a pump. In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break the resistance level at $110.80 and this may increase the Quant price to a $116.00 upper high trend line.
Key Levels:
Resistance Levels: $102.00, $103.00, $104.00
Support Levels: $89.00, $88.00, $87.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-50 and approaching the new resistance trend levels.
The bull’s pressure on the coin to $100.75 in the last few days has enhanced the price to stay in green above the resistance line in its recent high.
The coin price finds reliable resistance at around $102.32 level above the EMA-50, resulting in intraday gains as the daily chart opens today. Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction.
Furthermore, the daily stochastic indicates an upward trend. This indicates a bullish continuation to the upside, allowing the bulls to extend the current rally and potentially reach the $116.00 resistance trend line as the Quant buyers made their way to the new resistance trend levels in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD is showing a more bullish impact approaching the new resistance trend levels in its medium-term time frame. The bulls are having the market at their disposal at the moment. 
The bullish pressure at the $100.83 supply level in the past few hours has sustained the crypto price above the trend levels in its recent high.
The bulls made an aggressive move up to the $102.31 resistance level above the EMA-50 shortly after the 4-hour chart opened today. This however makes it possible for the coin to rise further. Trading above the moving averages will enable the market value of Quant to keep pushing up.
Similarly, the price signal which is pointing upwards indicates that the trend will remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the $106.78 resistance trend line, a bullish trend continuation to the overhead resistance of $116.00 is possible soon as it approaches the new resistance trend levels in the medium-term outlook
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