Quant Price Forecast: May 29
The Quant price is in an attempt for the next upward rally. The coin has just begun its bullish momentum and if all support levels hold and resistance breaks out of the $153.83 level, the next bullish momentum might reach the $160.00 upper resistance level.
Key Levels:
Resistance Levels: $91.00, $92.00, $93.00
Support Levels: $89.00, $88.00, $87.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant has just begun its bullish momentum on the daily chart. The price is facing the resistance level below the EMA-50 indicating a bearish trend.
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 $92.33 during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward as it begins its bullish momentum.
The QNTUSD price began its bullish momentum and moved up to a $93.19 high mark as a pullback below the supply level as the daily chart opens today. Further increase in the buying pressure will invalidate any further bearish thesis.
Hence, the bullish momentum might be triggered and the price may likely increase to break up the $153.83 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. This indicates a bullish continuation upward, which will allow the bulls to continue the bullish momentum 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 Its Bullish Momentum
The quant market is now facing resistance as it begins its bullish momentum again on the medium-term outlook. This is clear as we can see the new correction taking place below the EMA-50.
The sustained bears’ action on the crypto at a $91.95 low value during the previous session has made the coin price remain below the supply levels lately.
The price of Quant is currently facing resistance at the $93.06 supply value below the EMA-50 as it begins its bullish momentum on the 4-hourly chart.
However, the currency pair could grow further if the buy traders managed to break up the $106.81 previous high level, maintaining a further growth potential for the buy traders.
In addition, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD which has just begun its bullish momentum 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 in its medium-term perspective.
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