Quant Price Forecast: The Quant Market Moves to Revisit the Support Level at $87

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Quant Price Forecast: November 13

The Quant price forecast is that the Quant market will move to revisit the support level at $87 as buyers hope for a rebound from there upward.

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: The Quant Market Moves to Revisit the Support Level at $87

Quant traders are hoping for a rebound on the parallel channel trendline as the QNTUSD price retests upper-level support. Despite the fluctuations in the cryptocurrency market, Quant Market remains within the bullish channel.

Quant Price Forecast: QNT/USD Outlook

Moving Average Convergence and Divergence (MACD) marks Quant Coin as oversold at the current price level. Towards the end of October, the indicator lines took a steep dive, in resonance with the bearish pressure that crept into the market around the same time.

The True Strength Index, like the MACD indicator, is inclined towards an oversold point. As bears are gradually losing ground in the QNTUSD market. The lines have, however, not gone so deep as the price is still expected to move towards rebounding off the $87 level.

The Stochastic Oscillator indicator has considered Quant coin to have been traded for too long at a low price and has the potential for a price bounce back. The indicator has moved in this direction since the last days of October.

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

On the 4-hour chart, the Stochastic Oscillator indicates that the market is gradually resuming a new bullish phase. As the indicator lines have just crossed below the centerline. However, a return to near-term support remains expected.

Quant Price Forecast: The Quant Market Moves to Revisit the Support Level at $87

The TSI and MACD indicators on this price chart show a steeper regression that has set the market up for a rebound as the bulls takeover from sellers very soon. This bodes well for buy traders, who may now return to the QNTUSD market with a great 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.