Quant Price Forecast: June 14
QNTUSD price may likely retest the mentioned supply level as it is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the coin price might possibly reverse at the $99.83 low value and turn positive to retest the $163.14 previous high which could in turn hit the $400.00 upper resistance level and beyond. Hence a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $160.00, $170.00, $180.00
Support Levels: $100.00, $95.00, $85.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the QNTUSD buy traders.
The sustained bearish pressure at the$100.79 support value during the yesterday’s session has made the crypto price remain below the supply trend levels in its recent low.
Meanwhile, the current price at a $99.83 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
The Stochastic is also showing the market is already oversold. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $163.14 supply level; the $400.00 resistance level might be reached in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant (QNTUSD) Price to Retest the $163.14 Supply Level
The market price of QNTUSD is currently trading in the bearish market zone. This is due to the high inflows of the sell traders.
The sell traders made a downward move to the $101.88 support level before the end of the yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
The cryptocurrency has completed his correction and now set for an upswing. The buy traders pushed the market price of Quant up to the $100.44 resistance value slightly below the two EMAs shortly after the 4-hourly chart opens today. A break above $119.91 value would intensify the buying pressure on the crypto.
The market price of QNTUSD is pointing up on the daily stochastic, this means that the momentum in the coin price will likely remain and continues in an upward move. We can now expect the next jump by the bulls to reach a $400.00 upper resistance level soon in its medium-term time frame.
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