Quant Price Forecast: June 28
The QNTUSD price is in an upward channel, with the look of things, the coin may likely break up the $163.14 level soon if the buy traders should increase their tension in the market.
However, despite the overhead supply, buyers prevented a breakdown below the $102.75 price level indicating the overall market trend is still optimistic. Thus, the coin price is more likely to break overhead resistance to accelerate the prevailing recovery. The coin might likely hit the $400.00 trend line, which will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $130.00, $140.00, $150.00
Support Levels: $98.00, $97.00, $96.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant is in a bullish trend market in its long-term view. The price bar can be sighted above the supply trend levels which have confirmed its upward move.
The bulls have sustained the crypto market at the $108.92 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
On the daily chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $107.75 supply mark above the EMA-9 as the bulls took to their stand to resume the bullish trend. An intense breakup above the $146.37 resistance point would strengthen the bullish pressure.
In a like manner, the daily stochastic is in an upward direction, which means that additional buying pressure is likely, in this case, the coin price may possibly reach the $400.00 psychological resistance to obtain a better possibility for price recovery in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Remains Bullish
The momentum on the medium-term time frame is also distinctly bullish. Nevertheless, it seems the bulls will take over the price of Quant soon and push us higher as the market now remains strong above the supply rend lines.
The bullish pressure on the crypto in the past few hours has sustained the coin price above the supply trend lines in its recent price level.
The coin price found a reliable resistance after completing the downside moves at the $107.75 resistance value above the moving average lines as the 4-hourly session resumes today.
Thus, it is very likely that the bulls will continue the rising pattern as we are seeing a bullish correction in place. A breakout above $119.86 value would replenish the bullish momentum and surge the price to immediate resistance of $163.14.
Hence, with the stochastic oscillator pointing upward, if buyers should increase their momentum and close the 4-hourly chart above the $118.86 resistance mark, the potential uphill rally could hit the $163.14 supply value which could extend to the $400.00 high value in the days ahead in its medium-term perspective.
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