Quant Price Forecast: December 26
The QNTUSD pair is now on its way to the resistance line. The next upward rally might reach the $235.000 resistance high. Should buyers change their orientation and stop further selling pressure; the bullish pattern may increase the coin price to retest the previous high at the $235.000 value which might possibly hit the $400.000 supply trend line.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $106.000, $105.000, $104.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
Analyzing the chart below, we can clearly see QNTUSD pair is in a bearish market zone. The price currently trades slightly below the two EMAs. The coin made it to the $106.551 high level during the previous action and has made the price remain in green at the present.
Today’s daily bullish candle at the $115.000 supply mark below the moving averages confirms the returns of the bulls to dominance and to push the coin price higher. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
Additionally, the price of Quant which is pointing up on the daily signal implies that the price is still going up and in this case, the price might possibly hit the $400.000 resistance level in the nearby days and beyond in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Next Upward Rally to Reach the $235.000 Supply Value
The coin is in a bullish trend zone in its medium-term outlook. This is due to the gradual return and inflow from the buy investors. The price bar can be seen above the EMA-9 with its wick touching the EMA-50.
The Quant price has been having a deal with the bears in the past action but recently the bulls took to their stand to take over and increase the price to the $104.988 in the previous action.
The coin made further upsides to the $115.000 high value above the EMA-9 as the 4-hourly session resumes today. This is an indication of an uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
If the QNTUSD price sustains above the $132.989 resistance level, the resulting rally may surpass the $235.000 supply value.
Additionally, the Quant price indicates an upward momentum on the daily stochastic, this indicates that the pair will continue to increase to the upsides and this may get to the $400.000 resistance trend mark soon in its medium-term outlook.
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