Quant Price Forecast: June 29
Amidst the recent downturn in the crypto market, QNTUSD‘s price is trending close to the $150.00 high mark to leverage current market trends for significant returns. A conclusive breach below the $72.12 low value would result in additional losses for the coin. However, a daily candlestick above the indicated supply level would invalidate any bearish theory. As a result, if buyers increase their market stress, the trend might shift close to the $150.00 upper high mark, suggesting further rises.
Key Levels:
Resistance Levels: $101.00, $102.00, $103.00
Support Levels: $86.00, $85.00, $84.00
QNTUSD Long-term Trend: Bearish (Daily chart)
On the higher time frame, the QNTUSD market price is close to the $150.00 high mark. The coin indicates a bearish trend with its price rising below the supply levels.
The market has been slowed down in its recent price level due to the sustained interaction from the bears to a low of $75.00 in the previous action.
The current price of Quant at $77.05 resistance level below the EMA-50 is moving close to the resistance level as the daily chart resumes today. It indicates that the buy traders are returning to stage a play in the market.
Hence, if the bulls respond to a shift in the market price and push harder, the coin price may rise close to the $150.00 high, improving the bullish sentiment on the crypto market.
Further, the QNTUSD price is in an uptrend on the daily stochastic. It indicates that the pair may continue the bullish momentum. We will now be expecting the emergence of more buyers in the market. As a result, the price action may reach a high of $140.00 close to the $150.00 high mark and beyond as we watch the market in a bullish scenario soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
Despite the interference from the sell traders on the medium-term outlook, the Quant price is close to the previous high level. The coin price is slightly above the moving average lines, indicating an uptrend.
The bulls’ intervention in the coin market in the previous action has made it possible for the price to stay above the trend line in its recent high.
The momentum continues today as the bulls increase the QNTUSD price to the $77.05 supply level above the EMA-50 as the 4-hourly chart opens today.
Thus, there is a high probability of the QNTUSD price moving close to its recent swing high of $93.57 to wade off the bearish shackles.
Hence, if the coin buyers manage to break above the $93.57 resistance line, the market participants may witness a new recovery rally and this may push the coin price close to the $150.00 upper resistance level in the days to come in its medium-term frame.
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