Quant Price Forecast: December 24
The QNTUSD price will soar higher to retest the $235.000 high mark. The coin having rebounded will most likely continue its bullish correction and the price could go higher and hit the mentioned resistance value. If the bulls are able to break up the $199.500 supply mark, then we can expect a good upside momentum up to the $400.000 upper high value.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $106.000, $105.000, $104.000
QNTUSD Long-term Trend: Bearish (Daily Chart)
The QNTUSD pair portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.
The bulls were able to push the cryptocurrency up to the $104.988 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance.
Today’s coin price on the daily chart is currently facing resistance and trading at the $106.551 correction level. Further, the rising costs reclaimed more confirmation for a bullish recovery.
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.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bullish correction pattern to retest the $235.000 high value which might further extend the Quant price to reach the $400.000 resistance mark soon in its long-term outlook.
QNTUSD Long-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its short-term outlook. The price bar is seen below the moving averages.
The intervention from the sell traders at the $100.000 in the previous action has made the coin price drop below the supply trend line.
The market value of QNTUSD jumps up to the $106.551 high level shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
In addition, the Quant market is showing more upside possibilities as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin. The pair may likely grow to retest the $235.000 resistance level in the days ahead in its lower time frame.
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