Quant Price Forecast: December 11
QNTUSD‘s price remains bullish and also looks good for the long investors at present. The coin price can keep rising and may increase to the $130.00 upper high value. The crypto price may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upside down to a $130.00 upper high level and beyond.
Key Levels:
Resistance Levels: $117.00, $118.00, $119.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interruptions from the short traders, the Quant market maintains a bullish trend and the price may increase to the upper resistance level soon in its long-term outlook.
The price bars can be seen trading strongly above the supply levels. The bulls could not stop investing in the coin, so the general sentiment regarding the coin is bullish.
The bulls’ pressure on the cryptocurrency to the $116.44 resistance level during yesterday’s session has made it possible for it to retain its upward growth.
An additional effort by the bulls pushed the price of QNTUSD up to a $119.05 high mark above the EMA-50 as the daily chart opens today. This suggests an uptrend and an indication that the buy traders are responding to the market’s price actions.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Hence, the market is pointing upwards on the daily stochastic; this will quicken the emergence of more buyers to move the price of QNTUSD up to a significant level at the upside and this might increase to the $130.00 upper resistance level, thus registering a buy signal for the coin traders as the market remain strongly bullish soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
The Quant market also trades in a bullish trend market and this may increase to the upper resistance level in the medium-term outlook. This is due to the high impact of the long-term traders on the price flow.
The pressure from the bulls to the $116.44 supply value during the past action has sustained the coin price above the supply trend levels in its recent high.
The bulls made an aggressive increase to the $119.05 resistance level above the EMA-50 shortly after the 4-hour chart opened today. This however makes it possible for the coin to increase further. Trading above the moving averages will enable the market value of QNTUSD to keep pushing up.
Notably, the daily stochastic indicates an uptrend, if the bulls should add more aggression to their activities in the market; the $130.00 upper resistance level might be reached soon in its medium-term perspective.
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