Quant Price Forecast: December 25
QNTUSD‘s price remains bullish and also suggests a buy signal at the $113.13 current price level. This looks good for long-term investors at present. Hence, the coin price will most likely continue its bullish run, and if the bulls can break through the $117.94.00 value, we can expect a good upside momentum up to the $130.00 upper resistance level and beyond.
Key Levels:
Resistance Levels: $110.00, $111.00, $112.00
Support Levels: $98.00, $97.00, $96.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD pair is positive and also suggests a buy signal in its long-term outlook. The price responded to the shift in the market structure and is currently trading above the moving averages.
The pressure from the bulls to the $108.86 supply value in the past few days has sustained the coin price above the supply trend levels in its recent high.
Today, as of the time of writing, buy investors rallied to a $113.13 resistance level above the EMA-50, implying an uptrend and a bullish impact on the coin. As buyers are currently clustered around the market, more upsides are possible.
In addition, under the influence of this market level, the price of Quant which suggests a buy signal at the moment could rise steadily soon and break up the previous high of $1117.94 level to reach the $130.00 upper resistance level soon as we watch the crypto market turns strongly bullish and suggests a buy signal in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
On a medium-term basis, upward pressure continues to dominate the QNTUSD pair as it suggests a buy signal at the current price level.
With massive volumes from the bulls, the coin price is now trading strongly above the moving averages indicating an uptrend.
The coin has had a series of higher highs and higher lows in the last session, allowing the bulls to maintain the strength in its recent high.
As the 4-hour chart resumes today, the bulls corrected the $113.13 supply value above the moving averages. This however suggests a buy signal and will encourage buy traders to invest in the coin, as potential future gains are guaranteed.
Thus, a possible breakout from the current retracement at the $113.13 neckline will accelerate the buying momentum and push the prices higher to hit the $120.92 previous resistance level.
Furthermore, there is a possibility of a bullish breakout if the bulls increase their efforts in the market as the daily stochastic signal points upward; this indicates an uptrend and suggests a buy signal. As a result, the next target in the medium-term perspective could be the $130.00 high trend mark.
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