Quant Price Forecast: May 18
The QNTUSD market is currently preparing for the next bull cycle after a brief moment of downward momentum. The coin price has started rising, and it may change further to increase above the $95.24 current high value if all support levels hold and resistance breaks over the $141.68 level. The price of QNTUSD may rise to $149.00 and retest the previous high of $153.83 level, resulting in a greater potential and opportunity to buy the coin.
Key Levels:
Resistance Levels: $93.00, $94.00, $95.00
Support Levels: $83.00, $82.00, $81.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant‘s long-term outlook is in a bearish trend, preparing for the next bull cycle. In addition, the price is currently trading below both EMAs, indicating that the market is currently in a negative area.
The bears’ pressure caused the price of the crypto to drop below the supply trend lines, and it reached a low of $94.16 in yesterday’s session. However, it now seems as though the bulls are preparing for the next bull cycle to take the lead and push us upward.
As the daily chart opens today, the price of QNTUSD has responded to the change in the market structure and is currently below the moving average at the resistance level of $95.24. Any more rise in the buying pressure will refute any further pessimistic theories.
Additionally, as the bulls are preparing for the next bull cycle, the daily stochastic suggests an uptrend. This indicates a bullish continuation to the upward, which will allow the bulls to continue the current rally and may soon result in the $150.00 upper resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Preparing for the Next Bull Cycle
The Quant market is having a bearish posture preparing for the next bull cycle in its medium-term outlook as can be seen from the chart below. Meanwhile, it also shows the impeding next big move in the price.
The bearish pressure at the $94.16 support level in the past few hours has made the coin stay below the supply trend levels lately
The price of QNTUSD while preparing for the next bull cycle is still moving upwards at the $94.15 supply value below the EMA-50 despite the sell traders’ movements as the 4-hourly chart opens today, indicating the bulls are making a recovery attempt. Thus, a successful breakout by the bulls above the $111.27 supply level could lead to the retest of the $116.16 previous resistance level soon, 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 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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