Quant Price Forecast: June 15
The Quant price is in an attempt for its next rising pattern. If all support levels hold and resistance breaks out of the $130.42 level, the coin’s price may rise higher to retest the previous high of $150.00 and could even reach the $160.00 upper resistance level.
Key Levels:
Resistance Levels: $87.00, $88.00, $89.00
Support Levels: $80.00, $79..00, $78.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant is in a bearish trend with its new rising pattern in its long-term view. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
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 $82.46 value during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward as the new rising pattern has just begun.
The price responded to the shift in the market structure and is currently below the moving averages at the $83.93 resistance value as the daily chart opens today. Further increase in the buying pressure will invalidate any further bearish thesis.
Additionally, the daily stochastic suggests an uptrend. This indicates the continuation of the rising pattern 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 Price Attempting the Next Rising Pattern
The quant market is attempting the next rising pattern in the medium-term outlook. This is clear as we can see the prices trading in green below the EMA-50.
The sustained bearish pressure on the currency pair to the $83.43 support level during yesterday’s session has made the coin price remain below the supply levels in its recent high.
Earlier today, the Quant price started rising at the $83.92 supply value below the EMA-50 despite the sell traders’ movements as the 4-hourly chart opens today. Hence, with strong buying and positive market sentiment, the crypto has the potential to break up the $101.77 previous supply level and continue its rising pattern to attract more investors.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD will continue its rising pattern. 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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