Quant Price Forecast: December 23
The QNTUSD pair might finish the downward rally at the $104.988 low value and the price may likely bounce to the upside soon. Hence, a further increase in the bulls’ action may trigger the coin price up and penetrate the $200.000 high mark, this may extend the price action to reach the $350.000 resistance trend line and beyond.
Key Levels:
Resistance Levels: $200.000, $200.200, $200.300
Support Levels: $104.200, $104.100, $104.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
The momentum on the long-term outlook is in a downtrend due to the inflows from the sell traders. The price of Quant can be seen below the supply levels. This indicates that the pair is in a bearish market.
The bears’ interference in the market activities at the $107.912 support value during yesterday’s session has supported the bearishness of the crypto market.
As a result of low bullish momentum, the coin price found support at the $104.988 level below the moving average lines as the daily chart resumes today. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels. However, traders who buy at this trend will also have more gains in the future.
Meanwhile, we have a bullish bias sentiment that the price of QNTUSD may likely bounce to the upside soon as shown by the daily signal which is now below the 10% range in the oversold region. This suggests that the sell traders will soon be exhausted and the emergence of the bulls will commence, as a result of this the coin price might be driven up to the $350.000 supply mark in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
Due to the interference of sellers in the market at the moment, the QNTUSD pair is in a bearish trend move. The coin has an interaction with the bears in the previous action which has made it remain in favor of the sell traders.
The coin price at the $104.988 support value as the 4-hourly session resumes today is a result of order flow from the short traders. Thus, this will end soon as the selling pressure seems exhausted.
Thus, the price of QNTUSD has fallen below the 2% range of the daily stochastic. It implies that the selling pressure is likely to end soon. It is expected that the buy traders move the coin price up to a significant level at the upside and a $350.000 high level might be reached in the days ahead in its medium-term outlook.
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