Quant Price Forecast: QNTUSD Market Surges Back With a Bullish Bias

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Quant Price Forecast: November 16

The Quant price forecast is that the price will rise to $130 as purchasers return to the market driving up momentum.

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

Key Levels:
Zones of Supply: $86.20, $131.30, $210.20
Zones of Demand: $39.40, $43.80, 87.80

Quant Price Forecast: Quant Market Surges Back With a Bullish Bias

The bottom trendline of the widening channel was retested by the price of Quant currency, which has subsequently produced some bullish runs. Since June, a bullish trend may be seen on the parallel channel trendline. Two days prior, the market denied the move that would have seen it drop to $87.80 even for a retest.

Quant Price Forecast: QNT/USD Outlook

As indicated by the MACD (Moving Average Convergence and Divergence), Quant coin was oversold at the previous price level. Even though the market has turned bullish, the currency is still considered incredibly oversold at the lower price level. This, however, provides purchasers with a nice opportunity.

As sellers are being compelled to reevaluate their position in the QNTUSD market, the True Strength Index indicator lines are pointing in the direction of an oversold point. It is safe to conclude that this is primarily to blame for the glimmer of hope that has appeared over the past two days for the bulls.

The Relative Strength Index signal is also about to reverse to the upside. The market appears to have received the signal it needed to revert to a higher price level after the lines collapsed as a result of an oversold condition.

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

The RSI’s lines have just crossed the midline on the 4-hour chart, signaling a bullish turnaround in the QNTUSD market. It is still anticipated that near-term support will resume. Despite failing to test the $87 support on the second attempt, the market was able to continue its bullish trend.

Quant Price Forecast: Quant Market Surges Back With a Bullish Bias

The excessive coin sales at the current level of demand, however, are indicated by the TSI and MACD indicators, which indicate a higher rise in the price. This positions Quant for a comeback as they replace sellers with a significant influx.

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Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.