Quant Price Forecast: Quant Price Is Moving to Return to the Upper Supply-Demand Zone

Quant Price Forecast: November 10

The Quant price forecast is that QNTUSD price is moving to return to the upper supply-demand zone.

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

Key Levels:
Zones of Supply: $86.20, $131.30, $210.20
Zones of Demand: $39.40, $43.87, $87.80

The Quant market is gradually returning to the strong support level at $131.30 after bouncing off the bullish trendline of the expanding channel.

Quant Price Forecast: QNT/USD Outlook

The SuperTrend indicator shows that the QNTUSD is currently bearish at the current price level. However, towards the tail end of October, the market was oversold. However, it still needs to reach the price support level along the bullish channel.

The Relative Strength Index has also recently dived to reach below the indicator’s signal line, signaling that the sellers have reached an oversaturated point. This will cause buyers to make another reentry attempt, pushing the Quant price higher again.

The Moving Average Convergence and Divergence (MACD) indicator also indicates that the Quant price level is oversold. The bears have sold until prices reach an undesirable level, as seen by the lines’ current whereabouts around the -2 and -6 levels. As the price moves back to its crucial support, bulls are anticipated to start acting again.

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

The TSI and MACD indicators on the lower price chart show a deeper penetration into the QNTUSD price level. This provides bulls a good hint, and they can be counted on to buy heavily at the current discount level.

On the other side, the Stochastic oscillator has observed the price returning gradually to $131.30. An influx of purchasers will be anticipated as soon as the price reaches this level, which is anticipated to start a new bullish run.

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