Quant Price Forecast: June 10
QNTUSD begins its bullish momentum in an attempt for the next upward rally. The coin is currently facing the resistance levels, if all support levels hold and resistance breaks out of the $128.93 level, we can see a further change in the price to retest the $150.00 high value and perhaps rise as high as the $140.00 level.
Key Levels:
Resistance Levels: $119.00, $120.00, $121.00
Support Levels: $90.00, $89.00, $88.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD begins its bullish momentum with a bearish sentiment in its long-term view. Further, the price is trading below the EMA-50, indicating a bearish trend.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure at a $83.12 support level during yesterday’s session, but it now appears like the pair has turned around as it begins its bullish momentum to move upwards.
Today, the Quant market begins its bullish momentum at the $86.53 resistance level below the moving averages as the daily chart opens. The trend has just resumed its rising pattern but has not yet reached its goal.
However, if the buy traders are able to break through the previous high level of $150.00, the currency pair may continue to increase, providing additional growth opportunities for the buy traders.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation upward, which will allow the bulls to continue the current rally as it begins its bullish momentum and may soon result in the $140.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
The Quant market is bearish on the medium-term outlook. The coin price has just begun its bullish momentum as we can see the prices trending up below the EMA-50.
The sustained bearish pressure on the currency pair to the $83.72 support level during the last market session has dropped the coin price below the supply levels lately.
The Quant price on the 4-hourly chart today is currently facing resistance and trading at the $86.53 correction level. Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of QNTUSD higher to hit the previous high at $101.77 level, bolstering buyers for a sustainable rally.
Also, the market has just begun its bullish momentum and currently trending upward as shown by the daily stochastic. It 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 $140.00 supply value in the next days in its medium-term perspective.
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