Quant Price Forecast: June 8
Amid the current situation in the market structure, the QNTUSD bulls offer a suitable pullback at the $90.56 resistance level, indicating that buyers are in an attempt for the next upward rally. The coin is facing the supply level and moving upward, if all support levels hold and the coin price decides to move higher and breaks out of the $90.56level, we can see a further change in the price to retest the $153.83high value which could further lead the coin price to a $150.00 upper high level, indicating a bullish sentiment among the coin traders.
Key Levels:
Resistance Levels: $119.00, $120.00, $121.00
Support Levels: $83.00, $82.00, $81.00
QNTUSD Long-term Trend: Bearish (Daily chart)
On the higher time frame, Quant Bulls offers a suitable pullback to begin its uptick journey. The price is facing resistance below the EMA-50, indicating that it’s in a bearish market zone at the moment.
The cryptocurrency’s price has dipped below the supply trend lines in recent times as a result of bearish pressure, reaching a low of $88.43 value during yesterday’s session, but it now appears like the bulls are poised to take control and drive us upward as they offer a suitable pullback to regain their strength.
The bulls offer a suitable pullback and drive the price of QNTUSD to a $90.56 Highmark below the moving averages as the daily chart opens today.
Meanwhile, a significant push by long traders over the previous high of $153.83 level with a daily candle closing could indicate a shift in market dynamics.
Additionally, the daily stochastic suggests an uptrend. This indicates that the suitable pullback offered by the bulls could continue to soar higher and may soon result in the $150.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Bulls Offering a Suitable Pullback
QNTUSD bulls offer a suitable pullback as it begins its rising pattern on the medium-term outlook. This is clear as the prices trending upwards below the moving average indicating a bearish trend.
The sustained bearish pressure on the currency pair to the $89.30 support level during the last session has dropped the crypto price to its recent low. However, the coin bulls have made a suitable pullback and the price may experience a turnaround soon.
The Quantity price rises to a $90.36 supply level below the supply levels shortly after the 4-hourly chart resumes today. This indicates a suitable pullback from the bulls. Hence, Such a pullback would allow buyers to regain control and potentially drive the price of Quant toward the $101.72 resistance level, resulting in an intraday gain for the coin buyers.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD which has recently been pulled back by the bulls 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 $150.00 supply value in the next days in its medium-term perspective.
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