Quant Price Forecast: June 26
QNTUSD‘s price remains in an uptrend at $117.99 and also looks good for the long investors at present. The cryptocurrency is on its way to the upper resistance trend lines.
Should the bulls regroup and push higher, a further bullish breakout from the $117.99 value will accelerate the new correction phase. The $350.00 upper resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $130.00, $140.00, $150.00
Support Levels: $100.00, $98.00, $97.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD pair is positive and portrays a bullish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently above the EMA-9 while on its way to the upper resistance zone.
The pressure from the bulls to the $116.09 supply value in the past few days has sustained the coin price above the supply trend levels in its recent high ready for an upward performance.
The aggressive move by the bulls pushed the Quant price up to the $117.99 supply value above the EMA-9 as the daily chart opens today.
A break above the mentioned supply value would intensify the buying pressure on the crypto which might lead to the coin hitting its previous swing high at $168.38 high mark. This breakout is possible to give buyers a significant footing to bolster further rally.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and the target might be the $350.00 resistance level soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
On the medium-term outlook, the QNTUSD pair is in a resistance zone. Firstly, the crypto has broken above the two moving averages which indicates a possible rise of the pair. 
The high bullish pressure on the crypto at the $105.94 high mark in the past few hours has sustained the coin price above the supply trend lines in its recent high.
The coin price found a reliable resistance after completing the downside moves at the $106.91 value as a pullback above the two EMAs as the 4-hourly session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at present.
Hence, the daily signal indicates an uptrend, based on the outlook, should the bulls push higher and close above the $119.86 previous high mark; a bullish breakout confirmation will reflect the improved mark sentiment.
Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $350.00 upper resistance trend levels in the days ahead in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply