Quant Price Prediction: QNT Price Revisits the $87 Price Level to Incite a Rebound

Quant Price Forecast: November 20

The Quant price forecast is that the coin price will have to dive down to the $87 level. The move will be in the bid to generate the momentum required to break into price territory above $131.

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

After the Quant market, on the 9th, plunged below the $130 mark, the market has been forced into consolidation. The pressure from sellers had attempted to hold the price at this level, except on the 15th and 16th, when the market for two days straight went on a bullish run.

Quant Price Forecast: QNT/USD Outlook

However, due to the failed attempt at reaching $130 then, the market has smartly moved to revisit the $87 level that had initiated the rally initially.

Selling at the current price range has become stale as the market has become stuck within a short range. The Stochastic Oscillator lines indicate that the market has been oversold at the current level. The coin bulls will need to receive activities soon, and this is expected to create incentives for a new bullish phase.

The MACD (moving average convergence and divergence) also indicates that the cryptocurrency is oversold. This current price level is no longer attractive to investors. More buyers and holders are expected to step in at the enticing discount price level, as this is anticipated to return QNTUSD to its bullish ways.

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

As the crypto asset, Quant was heavily sold earlier, the Relative Strength Index on this chart indicates that a reversal is imminent. However, the bullish reversal will start when the price reaches the $87 level again.

The Quant market is likely to show a rise in price because of the prior heavy selling and the accompanying decline in the price of the coin. The next target for bulls will then be to break into the $130 range.

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