Quant (QNTUSD) Price Will Go Higher from the Support

Quant Price Forecast: December 17
The Quant (QNTUSD) price will go higher from the support any moment from now as the market is oversold. There is a possibility for the coin to experience a bullish reversal price action and could be ready very soon for another upward move potential. If the forces from buyers in the market should increase and the current support at $117.363 value holds, the coin price may retest the $235.000 high value and beyond.

Key Levels:
Resistance Levels: $200.100, $200.200, $200.300
Support Levels: $116.000, $115.000, $114.000

QNTUSD Long-term Trend: Bearish (Daily chart)
At the time of writing, the QNTUSD price is in a bearish trend in its long-term outlook. The seller’s congestion at $119.803 has become impenetrable. The bulls are also battling resistance at the $125.356 level.

The coin price at the $117.363 support value below the resistance trend lines is a result of low bullish inflows in the market which is ending soon. However, there is a possibility for price rejection at the mentioned support if the bulls could change their orientation and push harder to overcome any further selling pressure. Thus, traders who buy at this trend will also make a profit.

Furthermore, the price of QNTUSD now trades below the 20% range of the daily stochastic. This suggests that the selling pressure is ending soon. Thus, the price is likely to reverse and rise from the current support at the $117.363 level if the long traders could increase their tension in the market. If this is achieved, the coin price may possibly hit a significant level of $400.000 at the upside in its higher time view.

QNTUSD Medium-term Trend: Bearish (4H chart)QNTUSD Will Go Higher from the Support
Due to the interference from the sell traders in the market at the moment, the QNTUSD remains in a bearish trend move. The price dropped to a low of $119.803 value below the supply trend lines in the previous action has contributed to the bearishness of the crypto market.

A further drop to the $117.363 support mark as the 4-hourly session resumes today is due to the unrelenting efforts from sellers. However, buying the crypto at the trend will also result in more gains in the future.

Meanwhile, price reversal is imminent at the mentioned support value as the coin market is oversold already. This will compel the bulls to resume the bullish correction trend and in this case, the price of Quant might possibly reach the $400.000 resistance value in the days ahead in its medium-term outlook.

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