Quant Price Prediction: The QNT Market Is Returning to Bullish Territory

Quant Price Forecast: November 17

The Quant price forecast is that the QNTUSD market is returning to a bullish phase as the price is pushed into a higher supply-demand level.

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

On the 13th of the month, the Quant market rejected the move to further drop and retest the $103 level but rather bounced off the expanding channel’s lower trendline. This rebound has put the price at $115, and it’s expected to soon break into the support zone at $130.

Quant Price Forecast: QNT/USD Outlook

Since June, the price has been moving within an expanding rising channel. Days after retesting the channel baseline, the market resumed an uptrend, and it was expected that the price would break into a higher range.

The Stochastic Oscillator indicator is currently indicating an oversold market. This is, however, indicating that the price near the support level will soon change. The current price level will allow the bulls to take control of the market, as this is a good entry-level.

However, there is still hope that support will come back quickly. Quant traders are keeping an eye on the market as the QNTUSD price approaches upper-level support in anticipation of a recovery. Since July, however, the coin has been steadily increasing, as the expanding channel displays.

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

Given that the bearish pressure that compelled the retest has subsided, the ADX indicator indicates that the price direction will change soon. The Quant price has already resumed its upward trend after the break.

The ADX indicator indicates a directional reversal as the bulls have begun to gain ground in the Quant market. According to the Average Directional Index, the sellers’ pressure-driven market direction has waned.

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