Quant Price Prediction: QNTUSD Market Returns with a Bullish Spike

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RESULTS

Quant Price Forecast: November 15

The Quant price forecast predicts that the price will reach $130 as buyers flood back into the market.

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

The price of Quant coin retested the expanding channel’s lower trendline and has since made some impressive bullish runs. The parallel channel trendline shows a bullish trend since June. The market had rejected the move two days earlier, which would have seen it drop to $87.80 even for a retest.

Quant Price Forecast: QNT/USD Outlook

The MACD (Moving Average Convergence and Divergence) shows that Quant coin has been oversold at the previous price level. Although the market has turned bullish, the coin is still considered to be unbearably oversold at the lower price level, giving a good opening to buyers.

The True Strength Index indicator lines are directed towards an oversold point. Sellers are forced to reconsider their stand in the QNTUSD market. It is safe to say that this has mostly been responsible for the ray of hope that’s shined on the bulls in the last two days.

The Relative Strength Index indicator is also on the brink of a bullish reversal. After the lines fell due to an oversold situation, the market seems to have gotten the trigger it needed to reverse back to a higher price level.

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

On the 4-hour chart, the RSI indicates a bullish reversal in the QNTUSD market, as its lines have just crossed the midline. A return to near-term support remains expected. Although the retest of the $87 support failed, the market managed to resume its bullish phase.

The TSI and MACD indicators, however, show a steeper movement of the price due to the excessive sales of the coin at the current demand level. This sets Quant up for a rebound as they take over from sellers with a great influx.

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