Quant Price Forecast: November 12
QNTUSD price may likely penetrate the $192.689 resistance level if the bulls should increase their momentum. The coin price may increase to the $450.000 high trend line and beyond soon.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $100.400, $100.300, $100.200 
QNTUSD Long-term Trend: Bearish (Daily chart)
The market value of QNTUSD on the daily chart is bearish. The price can be seen trading below the two EMAs. This is due to the inflows from the short traders.
The bullish correction at the $121.707 supply level below the two EMAs as a pullback from buyers as the daily chart resumes today indicates the return of the buy investors to dominate the market prices.
Therefore should the bulls increase their buying motives in the market, the price is poised to further increase above the key resistance levels around the $200.000 value.
Also, the momentum indicator which is pointing up indicates that the price of Quant is in an uptrend and may possibly remain or continue in that direction to hit
the $450.000 high mark and beyond soon in the higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD May Possibly Rise Further
QNTUSD is in a bearish market zone in its medium-term perspective. As an outcome of low bullish momentum, sellers are hindering the market from smashing through the resistance zones.
The coin price at the $121.707 support level as the 4-hourly chart opens today is a result of a brief inflow from the short traders. However, there is a likely of a price reversal soon if the bulls should change their orientation and push the price higher.
Additionally, the price of Quant is pointing down approaching the oversold region of the daily stochastic, this suggests that the selling pressure will soon be exhausted, so, we can now look at the emergence of the buy traders shortly.
The next bull cycle may possibly reach the $450.000 resistance value as we watch out for BUY soon in its medium-term time frame.
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