Quant Price Forecast: December 26
The QNTUSD pair is now trading in an ascending channel, the coin will grow more and might possibly retest the $235.000 resistance value if the buy traders interrupt the sell investors at the $114.722 support value, the bullish pattern may increase the coin price to rise further to a $400.000 high value resulting in more gains for the buy traders.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $106.000, $105.000, $104.000
QNTUSD Long-term Trend: Bullish (Daily chart)
Analyzing the chart below, we can see clearly that the QNTUSD pair is in a bullish market zone. The price currently trades slightly above the two EMAs. The coin made it to the $129.118 high level during the previous action and has made the price remain in green at the present.
The market was propelled higher by the bulls until it reached a new high of $132.990 resistance mark above the moving averages as the daily session resumes today. This shows the level and the high impact of the buy investors on the crypto market.
Thus, if the bulls regroup and push higher, a steady rise above the mentioned supply value will accelerate the new correction phase to a significant key level in the supply area.
Furthermore, the price of Quant may likely continue in the same trend as indicated by the daily signal which is pointing in an upward direction. In light of this, the coin might possibly grow to retest the $235.000 previous high which could further extend to the $400.000 upper supply value in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price Will Grow More to Retest the $235.000 Resistance Value
The momentum on the medium-term time frame (4H) is undeniably bullish. This is clear as we can see price continues to make higher highs and higher lows.
The sustained bullish pressure to the $129.118 supply value in the previous action has made the crypto price remain in an uptrend in its recent high.
The market price of Quant which rises from $131.946 level to the $131.947 high value above the two EMAs as the 4-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
However, staying above the supply trend levels will give the QNTUSD price the tendency to grow more. So we can expect a steady increase in the price of QNTUSD to retest the $235.000 previous high which might possibly hit the $400.000 resistance level as the journey up north continues in its medium-term outlook.
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