Quant Price Forecast: November 5
QNTUSD at the moment is trying hard not to fall by resisting the sellers, in case the bulls’ pressure breaks up the resistance level of $235.000, the coin price may increase further to a $400.000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $156.500, $156.400, $156.300
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the price flow, the long-term market shows a bullish race. As can be seen from the chart, bullish momentum is accumulating on the pair right now.
The aggressive move by the bulls pushed the QNTUSD price up to the $161.482 resistance value above the EMA-50 but below the EMA-9 as the 1-hourly chart opens today. This suggests that the buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the market value of Quant will rise further to the upside if the buying pressure should increase. Currently, the coin price is making a correction there may be a potential further rise in the coin market price and this may possibly retest the previous high at the $235.000 resistance value soon.
We can as well see the momentum indicator pointing up at around level 80%, this means that the crypto may likely continue its bullish ride; we, therefore, expect the price distribution to hit a $400.000 high mark soon in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Will Increase Further
QNTUSD pair is in a bullish momentum in its medium-term view. The trend is rising and the price has not yet reached its goal.
The price distribution of the coin at the moment has risen to a $161.482 high level which is above the EMA-9 trying to reach the EMA-50 shortly after the 15-minute chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner.
Similarly, the price indicator which is also pointing up at around level 79% approaching the overbought region suggests that the coin is in an uptrend and the $400.000 upper resistance level may be the target sooner in its medium-term time frame.
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