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Quant (QNTUSD) Price Retracement May Surge above the $155.57 Resistance Level

Johnathon Fox
05/15/2024 | UPDATED ON: 05/15/2024

Quant Price Forecast: May 15
The Quant price retracement after updating the lows may surge above the $155.57 resistance level as the coin market struggles to find direction upwards. If the price increases further and makes a retest at a $155.57 high mark, then the price may jump up to hit the $160.00 upper trend line and beyond.

Key Levels:
Resistance Levels: $94.00, $95.00, $96.00
Support Levels: $85.00, $84.00, $83.00

QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price retracement may surge higher above the supply levels soon in its higher time frame. Further, the price is trading below the EMAs: which means that it’s in a bearish trend at the moment.
Quant (QNTUSD) Price Retracement May Surge above the $155.57 Resistance Level
The sustained bearish pressure during the last session at the $93.17 support value has made the crypto price remain below the supply trend levels lately. However, the current price retracement may surge above the resistance levels, should bulls increase their buying speed.

The QNTUSD made a pullback to a $96.50 high level to resume the bullish trend as the daily chart commences today. This price retracement may surge above the $155.57 resistance level if the bulls can add more strength to the buying momentum in the market. This, however, will create a strong area of interest for the buy investors.

Additionally, the Quant price retracement may surge above the previous high level as indicated by the daily signal pointing in an upward direction, this may further extend to a $160.00 high mark in the coming days on the daily forecast.

QNTUSD Medium-term Trend: Bearish (4H Chart)
The Quant price shows signs of an upward retracement following the completion of the low dips on the medium-term outlook. This retracement may surge above the supply levels as soon as the bulls stand their ground to take us higher.
Quant (QNTUSD) Price Retracement May Surge above the $155.57 Resistance Level
The coin is now witnessing a renewed recovery sentiment below the supply levels among investors.

The QNTUSD price retracement at the $96.42 supply mark below the moving averages is an indication that the bulls are actively buying the coin at the moment. Hence, the price retracement may surge above the $114.95 high level, if all the support levels hold. This will eventually make the coin gain more strength and push higher.

In addition, more upsides are coming as the price indicator shows that the price of Quant is in an uptrend. It is expected that the price retracement will surge higher to hit the $160.00 upper high level in the latter days in its medium-term perspective.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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