Quant Price Forecast: June 19
The Quant price begins another bullish rally after the completion of the downward movements. The coin is currently attempting the next upward rally. The coin is moving upward, and if all support levels hold and resistance breaks out of the $150.00 level, we can see a further change in the price to reach the $160.00 upper high level.
Key Levels:
Resistance Levels: $120.00, $121.00, $122.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant is in a bearish trend and also begins another bullish rally in its long-term view. Further, the price is trading below the EMAs; which means that it’s in a bearish market zone.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $77.71 during yesterday’s session, but it now appears like the bulls have started another bullish rally to take control and drive us upward.
The price responded to the shift in the market structure and is currently below the moving averages at the $73.08 support value as the daily chart opens today.
Hence, the bullish rally might be triggered and the price of QNTUSD may likely reverse and begin another bullish rally to break up the $150.00 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market.
Additionally, the daily stochastic suggests an uptrend at the oversold region. This indicates that the selling pressure is unlikely. This will allow the bulls to begin another bullish rally and may soon result in the $160.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Begins Another Bullish Rally
Having started another bullish rally, the Quant market still remains bearish on the medium-term outlook. This is clear as we can see the prices trading below the EMA-50.
The sustained bearish pressure at the $78.46 support level during yesterday’s session has made the coin remain below the supply levels lately.
After updating the lows at the $73.08 low value, the price of Quant began another bullish rally and made a pullback to a $77.17 high value below the EMA-50 as the 4-hourly chart opens today.
This indicates that the bulls are now set to begin another bullish rally. Thus, the currency pair could grow further if the buy traders managed to break up the $101.77 previous high level, maintaining a further growth potential for the buy traders.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD will continue to rise. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $160.00 supply value in the next days as it begins another bullish rally in its medium-term perspective.
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