Quant Price Forecast: June 12
The Quant price might possibly hit the $163.14 supply level as the coin now approaches the oversold region of the market. Therefore, the coin price breakup from the support trend line at a $95.29 level will release the trapped bullish momentum which may kick-start a new recovery rally to hit the 163.14 previous high and further extend to the $400.00 upper resistance mark.
Key Levels:
Resistance Levels: $170.00, $180.10, $190.20
Support Levels: $100.00, $95.00, $90.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen below the two moving averages. Thus, the current trend will soon end as the buy traders are still within the market to influence the buying tendency.
The sustained pressure from the bears at the $106.52 support level during the yesterday’s session has contributed to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the $119.86 supply mark, so there is possibility for the coin price to pullback at the current support of $95.29 value to invalidate the bearish theory.
Hence, should the bulls’ exchange hands with the sell traders and close above the $163.14 resistance value, additional intraday gains would be recorded for the buy investors.
However, the long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Additionally, the market value of Quant is very close to the oversold region of the daily signal, this means that the selling pressure will soon be exhausted and a new recovery rally may possibly resume soon.
In light of this, a rise in the upcoming rally and breakout above the $163.14 high value may turn around the market price of QNTUSD and the recovery pattern might reach a $400.00 supply trend line in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Hitting the $163.14 Supply Level
The Quant price is bearish on the medium-term time frame. This is due to the high impact from the sell traders. However, the price bar are seen below the moving averages, indicating a bearish trend.
The price drop to the $106.52 low value during the previous action has made the coin price trade below the supply levels in its recent times. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reaches its goal.
Today, the buy traders made a correction at a $100.86 value which further increases to the $104.24 supply mark below the moving averages to resume its uptrend as the 4-hourly session resumes. This indicates an established bull trend.
Further, if the Quant buyers could hold and close the daily chart above the $235.00 high mark, a potential BUY signal will be attained.
Additionally, the coin price signaled an upward direction as indicated by the daily stochastic.
This implies that the bullish correction pattern may likely continue and as a result the coin price could pump or surge upsides to hit the $163.14 supply value which could also lead the price of Quant to the $400.00 upper resistance trend line in the days ahead in its medium-term outlook.
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