Quant (QNTUSD) Price Will Turn Upside Soon

Quant Price Forecast: November 22
QNTUSD price may possibly resume an uptrend and is on the verge of reversal at the moment.  Quant (QNTUSD) Price Will Turn Upside Soon. An increase in the bulls’ pressure may break up the supply mark at $235.000 and this may swing up the crypto price to a $400.000 resistance mark and beyond.

Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $100.500, $100.400, $100.300

QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is in a downward move in its long-term perspective. The price bar is below the moving average lines indicating a bearish trend.

Earlier today, the inflow from the bears dropped the coin price to a low at the $106.100 value below the moving averages even as the daily session opens today.

Thus, traders who buy the coin during a bearish market session will also make profits. Hence, should the bulls respond to the shift in the trend and push the price upwards, a further bearish thesis would be nullified.

In addition, the market is oversold already, this now calls for more buyers to emerge soon and push the QNTUSD price to the upside, and in this case, the bullish correction rally might extend the coin price to the $400.000 resistance value in the coming days in the higher time frame.

QNTUSD Medium-term Trend: Bearish (4H chart)
The price of QNTUSD is in a bearish move in its medium time frame. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off.

Now, the current pullback at the $108.000 supply value as the 4-hourly chart opens today indicates the return of the long traders to stage a play and dominate the market actions.

Should buyers prove strong and move the price above the previous high at the $192.169 mark, further selling pressure will be hibernated.

Hence, the Quant market is now below the 20% range of the daily stochastic. This means that the market is oversold. This will compel the bulls to resume the bullish trend.

We can certainly expect more gains and strength from the coin now. As a result of this, the pair may likely grow to retest the $192.689 resistance level and this may extend the price to a $400.000 high mark in the days ahead in its lower time frame.

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