Quant Price Forecast: May 10
QNTUSD price has a potential for bullish trend continuation as the price now trades above the EMA-50. The coin gave a bullish breakout from the $112.47 value, suggesting the long traders are making a recovery attempt. Thus, if the crypto’s price sustains above the $168.38 previous high level, the potential rally could surge higher to hit the $300.00 upper resistance level and beyond.
Key Levels:
Resistance Levels: $180.20, $190.30, $200.40
Support Levels: $110.00, $109.00, $108.00
QNTUSD Long-term Trend: Bullish (Daily Chart)
On the long-term outlook, the QNTUSD market still trades in a bullish trend. Currently, the price is hovering above the EMA-9, which has confirmed its bullishness.
The sustained bullish pressure at the $110.07 level during yesterday’s session actually made it capable for the buy investors to retain the strength in its recent high.
The bulls’ action increases the price of Quant up to the $112.47 resistance level above the EMA-9 even as the daily session opens today. This indicates that the traders are actively buying at this level. Thus, a break above $168.38 would intensify the buying pressure on the crypto.
Next, the fact that the market has been oversold already will draw the buy traders more to the market, if that occurs the price could further climb toward a $0.004000 upper high level and this will add to the bullish race in the future in its long-term outlook.
Next, the fact that the market has been in an upward direction in the oversold region will draw the buy traders more to the market, if that occurs the price of QNTUSD could further climb toward a $300.00 upper high level and this will add to the bullish race in the future in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price Potential for a Bullish Trend Continuation
The currency pair is trading above the EMA-9, an indication of bullish market sentiment in its medium-term time frame. Thus the QNTUSD pair is making a correction and may likely rise further.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.
The coin price at the $112.47 high mark above the EMA-9 with its wick touching the EMA-50 as the 4-hourly chart resumes today is a result of high bullish momentum. Therefore, the bulls need to redouble their efforts to foster further bullish recovery.
Thus, the current correction phase may likely continue as the momentum indicator points upward, we can now expect the price of Quant to reach a significant level at the $300.00 supply trend line in the days ahead in its medium-term perspective.
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