Quant Price Forecast: June 26
The Quant price may break up at $150.00 as it resumes the next bull trend. The crypto has just begun its new correction rally after updating the previous low session. Therefore, if all support levels hold and resistance breaks out of the $75.94 level, we can see a further change in the price to retest the $150.00 high value. The QNTUSD price may likely reach $160.00 and perhaps rise as high as $170.00, resulting in an investment opportunity for coin buyers.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant is bearish in its long-term outlook. The price may break up at $150.00 as it responds to the shift in the market structure below the moving averages.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Today, the QNTUSD pair is recovering from the recent correction as fresh buying emerges near the supply level at a $75.94 high mark as a pullback following the upward race.
Thus, an extra effort by the bulls could lead to a break up at the $150.00 previous high level, intensifying the buying pressure on the crypto.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation to a high level resulting in a break up at $150.00 and further extending to the $160.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price to Break Up at $150.00 Level
The Quant market remains bullish on the medium-term outlook. This is clear as we can see the prices trading above the EMA-9, aiming to break up at the $150.00 level.
The price of QNTUSD is currently trading at the resistance close to the EMA-50. So, it seems likely that the bulls are about to take over and break up the previous supply level.
The bears’ pressure on the crypto at the $74.56 low mark during the previous action has dropped the coin price below the supply trend lines in its recent price level.
Despite the interactions from the short traders, the bulls caused a rise to a $75.35 high level below the EMA-50 shortly after the commencement of the 4-hourly chart opens today.
Thus, buyers need to add more pressure to their activities to break up at the $150.00 level to move the market beyond the current price level.
Meanwhile, the market is pointing up on the daily stochastic indicating a buy potential. This will now compel the long traders to emerge and push the market price of QNTUSD up to break up at $150.00 and further extend to the $160.00 upper high level in the days ahead in its medium-term time frame.
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