Quant Price Prediction: The Quant Market Continues to Rise

Quant Price Forecast: November 11

The Quant price forecast is that the QNTUSD market will continue to increase following the retest of the lower 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

After bouncing off the bullish trendline of the widening channel, the Quant market is gradually reverting to the solid support level of $131.30.

Quant Price Forecast: QNT/USD Outlook

As the Parallel Channel shows, the coin has been steadily rising since July. The SuperTrend, on the other hand, highlights several instances in September when the market consolidated.

The Relative Strength Index is quickly approaching a level that indicates the Quant market will soon be oversold. This is predicted since the price is still projected to exit the bullish Parallel channel and rebound off of 135.90.

Moving Average Convergence and Divergence (MACD) shows that the Quant price level is also oversold. The lines are now between -2 and -6, indicating that the bears have sold until they hit an unappealing price level. Bullish activity is anticipated to resume as the price recovers to its critical support.

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

The RSI and MACD indicators on the bottom price chart indicate a deeper dive into the QNTUSD price level. This bodes well for bulls, who are likely to flood the market at the current discount level.

 

Sellers should reevaluate their position at this moment, since selling is no longer as appealing at the present price level. Whatever happens, sellers will undoubtedly be replaced as more buyers enter when the price reaches its support level.

Place winning Quant trades with us. Get QNT here

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.