Quant Price Forecast: December 6
The Quant price is now trading in a positive channel facing high buying pressure. However, the coin price may rise further, should the buy traders add more efforts to their purchases, the supposed bullish rally might get to the $400.000 high trend line.
Key Levels:
Resistance Levels: $255.200, $255.300, $255.400
Support Levels: $112.300, $112.200, $112.100
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone at the present in its long-term as can be seen undeniably from the chart below. The market value is making higher highs and higher lows due to the bullish impact. The impulse moves by the bulls to a high at the $130.398 level during yesterday’s session have made it possible for the crypto to maintain a stable increase in price and sustained it.
The increase in buying pressure further pushed the coin price to the $132.706 resistance value above the moving average lines shortly after the daily session opened today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels in the supply area.
Additionally, the buying pressure may likely continue as the bulls are seen clustering around the crypto market, it is therefore expected of the QNTUSD price to possibly hit the $400.000 supply mark in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Facing a Buying Pressure
QNTUSD market is having a bullish posture as well in its medium-term outlook. The price movement of the currency pair is currently seen to be in the bull’s direction.
The coin price has been having a series of moves by the buy traders in the previous actions and this has made the crypto’s price reach the $130.398 high value during yesterday’s session and sustained it.
The buy investors continue in the bullish trend pattern and move the price of Quant up to the $132.706 resistance mark as the 4-hourly chart opens today. Trading above the resistance lines will give the bulls more tendency to influence the coin price and with this, the price could go higher above the key levels.
If buyers should intensify their efforts and push the coin price above the $235.000 previous high-value level, further selling pressure will be disturbed. With this, the coin market may likely continue the bullish correction race and might possibly reach the $400.000 supply level in the days ahead in its short-term perspective.
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