Quant Price Forecast: November 12
The Quant price forecast is for the market to increase its momentum to push through beyond the $107.40 key level to reach $117.60.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $107.40, $117.60
Zones of Demand: $87.60, $75.50
The Quant market has experienced a bullish resurgence in recent times. This sees the coin make a major pump from the $87.60 demand level with great momentum. This took the price beyond the $96.90 significant level, but Quant is now hesitating, having reached the $107.40 key level. The results of the market having a double test at the level and falling back. The projection is for Quant to reach $117.60 at least, and they will need to do more to reach there.
Quant Price Forecast: QNT/USD Outlook
The Quant market has recently witnessed a robust bullish trend, propelling the coin from the $87.60 demand level with substantial momentum, surpassing the significant $96.90 level.
However, the current hesitation around the $107.40 key level indicates a double test and subsequent pullback.
The outlook suggests a potential target of at least $117.60, requiring further momentum.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Examining the daily chart, the EMA period 25 (Exponential Moving Average) positions itself as a supportive force beneath the candlesticks, poised to drive prices upward. The MACD (Moving Average Convergence Divergence) lines, exhibiting bullish strength, maintain a height above the zero level.
On the 4-hour timeframe, the struggle to breach the $107.40 level is evident, with the coin now trading below the EMA period 25. The MACD lines retracting to the equilibrium line suggest a probable dip to $96.90 before a subsequent rally aimed at overcoming the $107.40 barrier.
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