Quant Price Forecast: The QNTUSD Market Reaches for Support at Its Nearest Demand Zone

Quant Price Forecast: November 14

The Quant price forecast is that the Quant market will move back to the nearest support level in the hopes that it will bounce higher from there.

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 traders are keeping an eye on the market in anticipation of a recovery on the bullish parallel channel trendline as the QNTUSD price retests upper-level support. Despite recent volatility, the Quant Market remains in a bullish channel.

Quant Price Forecast: QNT/USD Outlook

Quant Coin is oversold at the present price level, according to the Moving Average Convergence and Divergence (MACD) indicator. The indicator lines began to fall sharply near the end of October, coinciding with the market’s emergence of bearish pressure.

As bears steadily lose strength in the QNTUSD market, the True Strength Index is moving towards an oversold area, similar to the MACD indicator. However, because a bounce off the $87 level is still anticipated, the lines have not become as deep.

On the other hand, the Stochastic Oscillator indicator believes that the Quant coin has been traded at a low price for too long and has the potential for a price reversal. Since the last days of October, the indicator has been moving in this direction.

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

The Stochastic Oscillator on the 4-hour chart shows that the market is gradually entering a new bullish phase because the indicator lines have just crossed below the midline. But it’s still anticipated that support will soon return.

The market is poised for a comeback as soon as the bulls seize control from the sellers, according to the TSI and MACD indicators on this price chart, which suggests a sharper regression. This is encouraging for purchase traders, who may potentially flood back into the QNTUSD market in large numbers.

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