Quant (QNTUSD) Price Is Close to the $250.000 High Value

Quant Price Forecast: December 27
The Quant (QNTUSD) price is close to the $250.000 high value as the coin is on its way to the resistance trend line. Crypto is set to face the positive side and this may continue. If the bulls could push higher and the current support value at the $104.988 support level holds the bullish correction phase may possibly rise to hit the $250.000 high trend line and beyond.

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)
The Quant market is in a bearish trend in its long-term outlook. The market has been slowed down due to the interaction from the bears in the previous action.

The coin responded to a shift in the trend and pushes the price up to the $115.000 supply mark below the trend line as the daily session opens today. This suggests an uptrend as well as an indication that the buy traders are returning to stage a play in the market.

Now, if the price on the daily chart closes above the $199.500, then there is a high probability of the price going up to its recent swing high, which is the $235.000 supply mark.

Further, the QNTUSD price may likely continue in the same bullish trend as shown by the daily signal. So, the price could be ready very soon for a bullish pattern continuation and this may reach the $235.000 resistance level which may further extend to the $250.000 high value and beyond in the coming days in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Is Close to $235.000 High Value
Despite the interference from the sell traders on the medium-term outlook, the currency pair is in an upward move. The price of Quant is slightly above the moving average lines.

The bulls’ intervention in the coin market in the previous action has made it capable for the price to stay above the trend line.

The momentum continues today as the bulls made an increase to the $115.000 supply level above the two EMAs as the 4-hourly chart opens today.

Hence, if the coin buyers manage to break above the $199.500 resistance line, the market participants may witness a new recovery rally and this may reach the $250.000 high mark soon in its medium–term frame.

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