Quant Price Forecast: June 17
The Quant price is attempting to swing up at the $84.64 current high level and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $150.00 high mark will encourage the buy investors for a longer correction. This might reach a high at the $160.00 upper supply trend line, resulting in great potential for the coin traders.
Key Levels:
Resistance Levels: $86.00, $87.00, $88.00
Support Levels: $78.00, $77.000, $76.000
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is attempting to swing up while trading in a bearish trend in its higher time frame. The coin is preparing to grow more as indicated by the chart below. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $80.41 low level in the previous action also contributed to its bearish momentum lately.
As a result of price rejection today, buyers moved the price of Quant higher to a $84.64 high level below the EMA-50 as the daily session opens, attempting to swing up.
Such lower price rejection indicates that buyers are defending this level and attempting to swing the price higher. Hence, a strong push above the $150.00 supply level will offer strong resistance to the crypto price.
Notably, Quant is exhibiting more upside potential, as we can expect the currency to gain strength and reach a $160.00 upper resistance level as it attempts to swing up in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
The coin price is moving towards the resistance attempting to swing up further as it suggests a bearish posture in its medium-term outlook. The price bars are below the supply levels attempting to reach the resistance levels, indicating a bearish trend.
The increase in the momentum by the bears at the $80.41 low value during the last session has dropped the Quant price below the resistance lines at its high level.
The cryptocurrency has completed its bearish moves and is now set to swing up. The buy traders pushed the market price of Quant up to the $84.64 high level slightly below the EMA-50 shortly after the 4-hourly chart opens today.
However, the bulls are now set to further swing up the coin price to the upper resistance zone. Hence, a break above the $101.77 previous high mark will attract more investors to swing up the coin price further.
In addition, the momentum indicator shows that the price of QNTUSD is attempting to swing up and this may continue. So we expect the price distribution to reach the $160.00 supply level and beyond in the coming days in its medium-term-term outlook.
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