Quant (QNTUSD) to Revisit the $235.000 Resistance Mark

Quant Price Forecast: November 30
QNTUSD at the moment is trying hard not to fall by resisting the sellers, Quant (QNTUSD) to revisit the $235.000 resistance mark. In case the bulls’ pressure breaks up the resistance level of $235.000, the coin price may increase further to a $400.000 high trend line which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $156.500, $156.400, $156.300

QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD price seems to have pullback a little but the overall trend is still bearish in its long-term view. The pressure from sellers actually adds to the bearish impact on the market.

However, as the daily chart opens today, the bulls made a correction at the $112.000 high mark below the moving averages.

This pullback may likely prolong the bullish recovery if the bulls should increase their deliberations on the market prices. A close of the daily candle above the $192.689 supply value will invalidate any bearish thesis.

Hence, we have a bullish bias that the market value of Quant will rise further to the upside if the buying pressure should increase. Now, if the price on the daily chart closes above the $192.689 high value, then there is a high probability of the price going up to its recent swing high, which is the $235.000 mark soon in its higher time frame.

QNTUSD Medium-term Trend: Bearish (4H chart)QNTUSD to Retest the $235.000 Supply Value
The price of Quant is currently trading in a bearish zone in its medium-term view. The pressure from sellers actually adds to the bearish impact on the market.

The coin price at the $112.000 support value below the two EMAs as the 4-hourly chart opens today indicates that the bulls are returning to the market to resume the bullish trend.

In addition, further upsides are likely as the market is oversold. This will compel the buy traders to resume the upward rally and this time around the bulls may likely revisit the $235.000 supply level soon in the lower time frame.

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