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Quant (QNTUSD) Looks Good for Long at the $116.50 Resistance Value, Invest Now!

Johnathon Fox
06/19/2023 | UPDATED ON: 06/19/2023

Quant Price Forecast: June 19
QNTUSD is actually making positive moves and looks promising at the $116.50 resistance value. The crypto at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $163.14 high mark, the accelerated buying pressure may increase the price to hit the $400.00 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.

Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $106.00, $105.00, $104.00
Quant (QNTUSD) Looks Good for Long at the $116.50 Resistance Value, Invest Now!
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD turns positive today, as can be seen from the chart above. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in coin market.

The sustained bullish pressure at the $103.01 supply level in the past few days has made it capable for the coin to remain firm in an uptrend in its recent high.

The bulls’ action increases the price of Quant up to the $116.50 resistance level above the supply trend levels as the 4-hourly session opens today. A break above the $163.14 value by the bulls would intensify the buying pressure on the crypto. On the other hand, short-term support at $96.51 value must hold to reduce the probability of the downtrend gaining momentum.

Further, if the coin buyers could hold above the $163.14 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides to hit the $400.00 resistance value soon in its long-term outlook.

QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD remains bullish in the medium-term outlook. This is clear as we can see price continues to make higher highs and higher lows above the moving average lines closer to the upper resistance zone.
Quant (QNTUSD) Looks Good for Long at the $116.50 Resistance Value, Invest Now!
The sustained pressure from the bulls at the $99.20 supply level in the past few days has contributed to its bullishness in its recent high.

The price of Quant opened lower but managed to trade in green over the past few hours. The price finds a reliable resistance at $115.09 trend line which further increases to the $116.50 above the moving averages approaching the upper resistance channel as the 4-hourly session begins today, resulting in intraday gains. This will prolong the upward rally and fueled the release of more buy investors into the market.

Currently, the daily stochastic is pointing upwards indicating a bullish move and in this case the price of QNTUSD will keep increasing and could jump up to hit the $400.00 upper supply mark sooner in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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