Quant Price Forecast: June 22
QNTUSD price could trigger up shortly, as the new correction phase has just begun. The crypto might continue growing and this may trigger up the price as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $80.18 level, suggesting buyers are attempting a comeback. Thus, if the crypto’s price could sustain above the $150.00 high point, the possible rise might reach the $160.00 resistance level and beyond, triggering the asset to attract more investors.
Key Levels:
Resistance Levels: $95.00, $100.00, $105.00
Support Levels: $80.00, $79.00, $78.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is bearish in its long-term outlook. Meanwhile, the price could increase shortly due to the bulls’ gradual return to the market.
The market price was slowed down due to the interaction from the bears to a low of $72.12 value in the previous action.
Today, after hitting the $78.65 value, the QNTUSD price triggered up to the $80.18 supply level below the EMA-50 as the daily session commences to resume its uptick trend.
Hence, if the bulls could trigger up their price action, and bullish momentum is sustained above the $150.00 previous high level, the bullish trend will be ascertained.
Additionally, further upsides are certain, as indicated by the Quant price pointing upwards on the daily signal. This will compel the bulls to trigger up the coin price. In this case, the price might trigger up to the $160.00 supply mark and beyond in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
Analyzing the chart below, we can see clearly that the QNTUSD price will trigger up shortly as a new correction is taking place. The price currently trades below the EMA-50, which confirms its bearishness.
Pressure from the bears at the $77.62 support value in the previous action has dropped the coin price below the resistance level in its recent low.
The Quant price triggered a $79.49 high mark below the EMA-50 shortly after the 4-hourly session resumed today. This affirms a speedy return and the high impact of the buy investors in the market to move the coin market higher.
However, a further advancement in the bulls’ action may trigger the coin price to hit the previous high at $96.00 value, resulting in more gains for the coin holders.
Hence, if the Quant price could trigger up and hold above the mentioned resistance level, the resulting rally may surpass the $150.00 high level and hit the $160.00 psychological level at the upside in the days ahead in the medium-term perspective.
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