Quant Price Forecast: May 6
The market price of QNTUSD awaits a possible reversal to the upside soon as the current selling pressure may soon end. The crypto might finish the downward correction and start reversing as the market is already oversold. If this is achieved by the long-term investors, the recovery rally may touch the $153.83 previous high which could further lead the coin price to a $150.00 upper high mark.
Key Levels:
Resistance Levels: $140.00, $141.00, $142.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD awaits a possible reversal at the current support level as it indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the EMAs. However, the current trend will soon be nullified as the market now approaches the oversold region.
The sustained bearish pressure at the $100.58 support value in the last session has made the crypto price dropped below the supply levels lately.
The price of Quant at the $100.17 low value below the EMAs as the daily chart opens today is a result of low bullish momentum.
With the overall market trend still bearish, the QNTUSD price is likely to experience a possible reversal at the $100.17 low value to plunge higher and retest the high accumulation zone of $153.83.
Meanwhile, the Quant price awaits a possible reversal at the current support as the market now approaches the oversold region of the daily stochastic. This upcoming bullish rally may likely break the $153.83 high mark which might hit the $150.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The currency pair also awaits a possible reversal to the upside at the moment as the coin price remains below the supply levels in its medium-term outlook. This is due to the high influence of the sell traders. 
The bearish pressure at the $100.58 support level in the past few hours has made the coin stay below the supply trend levels and await possible reversal.
Sellers initiate an aggressive drop to a $101.07 low value below the moving averages as the 4-hour chart resumes today with an intraday loss. However, the coin awaits possible reversal at the mentioned support as the price now trades at the oversold region.
The coin might jump towards the $123.60 previous supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Next, the Quant price is below the 20% range on the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $150.00 resistance value as the coin price awaits a possible reversal soon in its medium-term time frame.
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