Quant Price Forecast: November 11
QNTUSD price remains bullish today and also keeps rising amidst the recent headwinds in the crypto market. The coin looks good for long-term investors at present. Further, the coin price will most likely continue its bullish run and the price could still go higher if the bulls are able to break up the $112.43 value, then we can expect a good upside momentum up to the $120.00 upper resistance level and beyond.
Key Levels:
Resistance Levels: $106.00, $107.00, $108.00
Support Levels: $90.00, $89.00, $88.00
QNTUSD Long-term Trend: Bullish (Daily chart)
From the chart below we can be assured that QNTUSD is in a bullish move trading strongly and keeps rising amidst headwinds above the resistance trend levels in its long-term view.
This is clear as we can see price continues to make higher highs and higher lows towards the upper resistance level.
The sustained bullish pressure pushed the pair up to the $107.51 resistance level during yesterday’s session and sustained it; this has made it possible for the coin to remain strong above the supply levels in its recent high.
Today’s daily bullish candle at the $109.72 supply level above the moving averages confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
If the bulls apply more pressure, the resistance level at $109.72 might not hold, and the price of Quant might rise as high as $112.43 and higher.
In addition, the daily stochastic indicates an uptrend which suggests that the price of QNTUSD will likely continue to rise. If the $99.17 support level holds, buyers will be able to push the coin price up to a high of $120.00 in the near future in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Keeps Rising Amidst Headwinds
The Quant market is also trading in a bullish market zone in the medium-term time frame. The price keeps rising amidst headwinds above the moving averages. This shows that buyers are currently gaining more strength in the market.
The coin has been having a series of higher highs and higher lows in the past few hours which have sustained the bullish impact on the cryptocurrency.
Today, the buy investors made a rally up north to a $109.72 resistance level above the EMAs; this implies an uptrend and also shows a bullish impact on the coin.
Thus, more upsides are possible as buyers are seen clustered around the market likewise the prices keep rising amidst headwinds at the present.
Therefore, if the bulls should add more aggression to their activities in the market, the $109.81 resistance level might be tested soon.
Notably, the Quant price will keep rising amidst headwinds as suggested by the daily signal; in light of this, the price could reach the $120.00 upper high level soon amidst the recent headwinds in its medium-term outlook.
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