Quant Price Forecast: June 3
QNTUSD‘s price is currently rising to break up the $153.83 previous supply level after the completion of the downward moves. A significant breach below $85.13 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 can increase their market tension, the trend could turn upward to a peak value of $150.00 upper resistance level.
Key Levels:
Resistance Levels: $93.00, $94.00, $95.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price is rising and this may break up the previous high mark soon on the higher time frame. The price bar is seen rising below the EMA-50 and has confirmed its bearishness.
The sustained bearish pressure from the bears at the $89.02 support level in the last few days has also added to this bearishness. However, the bulls are now set to increase the trend.
Today, pressure from the bulls moved the QNTUSD price up to the $93.57 supply level below the EMA-50 as the daily chart opens.
As the crypto begins its rising pattern, a strong break up above the $153.83 resistance level would strengthen the bullish pressure.
In a like manner, QNTUSD is currently rising to break up the $153.83 resistance level and this may continue as the daily signal remains in an uptrend. This will compel the buy traders to push the coin price to the $150.00 upper resistance level soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price to Break up the $153.83 Supply Value
The QNTUSD pair is now bullish in its medium-term perspective. The coin is rising to break up the previous high level due to the high bullish pressure on the asset.
The high order flow from the buy traders in the past few hours has led to the bullishness of the cryptocurrency.
Today, the buy traders made a correction move to the $92.92 high value above the moving averages to resume its uptrend as the 4-hour chart opens. This indicates an established bull trend. Thus, it is very likely that the bulls will continue rising to break up the $103.82 high mark as we are seeing a bullish correction in place at the present.
Also, further jumps are sure as indicated by the momentum indicator pointing upwards.
This likely breaks up the $103.82 previous high to the $153.83 level and further extends to the $150.00 upper resistance mark in the coming days in its medium-term outlook.
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