Quant Price Forecast: May 20
QNTUSD price is currently asserting a new bullish cycle as the long investors show a minor bullish momentum amid a recent price surge. If the bulls can break above the $153.83 mark, the coin price is expected to continue its bullish run. If this happens, we should anticipate strong upside momentum up to the $150.00 upper resistance level and beyond, paving the way for a more ambitious resistance to the coin traders
Key Levels:
Resistance Levels: $96.00, $97.00, $98.00
Support Levels: $89.00, $88.00, $87.00
QNTUSD Long-term Trend: Bearish (Daily chart)
It’s pleasing to see the QNTUSD price asserting a new bullish cycle facing the resistance area in its long-term outlook. The price bar can be seen slightly below the supply trend levels approaching the resistance line, this means that the coin market is in a bearish trend. 
Pressure from the bears at the $94.16 support value in the last few days has brought the price below the resistance levels lately.
Today, the Quant buyers are asserting a new bullish cycle as the price swings upwards to a $98.85 resistance level below the EMA line as the daily chart commences; this implies that the coin buyers are gradually returning to the market to stage a play.
Thus, a strong push by the long traders above the $153.83 previous high point with a daily candle closing could signify a shift in the market dynamics.
In addition, under the influence of this market level, the price of Quant could rise steadily soon and break up the previous high of $153.83 level to reach the $150.00 resistance level in the coming days as the coin buyers are asserting a new bullish cycle in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H Chart)
The QNTUSD pair is asserting a new bullish cycle and showed a clear bullish rally above the moving averages which indicates an uptrend and growth in bullish momentum in its medium-term time perspective.
The successful breakout by the bulls to the $98.20 high mark in the last few hours has sustained the Quant price above the supply levels in its recent high.
The coin price which rises from the $98.65 to the $98.85 high level above the moving averages shortly after the 4-hourly chart opens today indicates that bulls are more active in the market at the present, asserting a new bullish cycle.
Thus, a possible breakout from the current retracement at the $98.95 neckline will accelerate the buying momentum and push the prices higher to hit the $116.62 previous resistance level.
Additionally, there is a possibility of a bullish breakout if the bulls should add more effort to their tension in the market as the daily stochastic signal points in an upward direction; this indicates an uptrend and a bullish trend continuation.
As a result of this, the next target could be the $150.00 high trend mark soon as the bulls are asserting the new bullish cycle in the medium-term perspective.
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