Quant Price Forecast: QNTUSD Remains on Course for a Price Hike

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RESULTS

Quant Price Forecast: November 27

The Quant price forecast is for the price to still hit the expected heights as it positions itself firmly on course.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $42.40, $88.70

QNTUSD is still on track to reach new highs. The process of price accumulation might seem slower than usual, but this is because of the strength of opposition the coin will face, which is primarily between $260.00 and $227.70. Before the price reaches these levels, the market makes slow but sure movement along the ascending trendline.

Quant Price Forecast: QNT/USD Outlook

QNTUSD is on an upward trend after bouncing off the $42.40 support level. After scaling the immediate resistance level, the market tried to increase its acceleration, thereby leaping from $88.70 to $227.70 in an over 150% price increase.

Nevertheless, at $227.70, the market was prevented from rising higher. This then led to a dramatic drop, first to $155.70 and then to a point on the ascending trendline.

From there and then, the price has been accumulating to continue its bullish drive. The Stochastic Oscillator lines have bounced down from the overbought border.

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The MA Cross (Moving Average) lines are crossing each other right now to the upside. It is a sign that bullish strength is still prevailing. On the 4-hour chart, the Stochastic Oscillator lines have now dropped back to the oversold border, which signifies an imminent rise. This might be the breaking point for the coin.

The market is well placed for a bullish drive, however, it has to reach the optimal level for it to execute the intention. If this works out as planned, Quant will break the $227.70 key zone and most likely reach $352.10.

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