Quant (QNTUSD) Price to Retest the $227.00 Supply Mark

Quant Price Forecast: December 5
In the previous actions, the QNTUSD price has been having a high interaction from buyers which really made it easier for the cryptocurrency to maintain stable upside moves.  Quant (QNTUSD) price to retest the $227.00 supply mark.  Should the bulls push higher and the coin price jump above the $194.74 supply mark, the $227.00 previous high could be retested and further bearish thesis would get invalidated.

Key Levels:
Resistance Levels: $255.20, $225.30, $225.40
Support Levels: $100.30, $100.20, $100.10

QNTUSD Long-term Trend: Bullish (Daily chart)
In the long-term outlook, the Quant market still trades in a bullish trend. The price bar can be seen above the resistance trend line which implies an uptrend.

Today, despite the moves by the sell traders the cryptocurrency remains in an uptrend at the $131.76 supply value which is above the two EMAs. This means that the buy investors are trading the coin and could lead the coin price to the overhead resistance. A possible rise from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.

Further, it is very likely for the QNTUSD price to rise further as buyers are seen clustering around the crypto market. Therefore further increase in the buying pressure may likely extend the coin price to revisit its previous swing high at $227.00 and beyond in the nearby days in its long-term outlook

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Targeting the $227.00 High Value
The QNTUSD pair is in a bullish trend move in its medium-term perspective. The sell traders are now involved in the price action.

The buyers are also trying, after updating the lows the bulls made a positive ride to a $133.00 high level, the momentum lost while the bears now returned the price to a low at the $131.69 mark above the two EMAs as the 4-hourly chart resumes today. Hence, traders can use this opportunity to buy the currency pair at a low price for more future gains.

The Quant market trading above the moving averages indicates that the bulls are having the price action at their disposal at the present, so the bulls are in a good position to move the crypto’s price further up to the $227.00 supply value.

In a like manner, the coin is pointing upward as shown by the price indicator; this means that buyers are likely to continue the trend, so we expect the price distribution to reach a significant level above the $227.00 resistance point soon in its medium-term perspective.

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