Quant Price Forecast: May 13
The Quant price may resume an uptrend to break up the $155.57 supply level soon. The coin is about completing the bearish move. If the current support at $95.50 value holds, and the daily chart closes above the $145.11 resistance level, then there is a high probability of the price breaking up its recent swing high, which is the $155.57 resistance value. This may likely extend and plunge prices to the $160.00 upper resistance trend levels 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 may break up at its previous high level soon as the coin is about rounding up the bearish momentum. Further, the price is trading below the EMAs: which means that it’s in a bearish trend at the moment.
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. However, the current trend will soon be nullified and the price may break up the previous high level soon as the market now trades at the oversold region.
The price of Quant at the $95.50 low value below the EMA-50 as the daily chart opens today is a result of low bullish momentum. Given the persistently negative trend in the market as a whole, the price of QNTUSD is probably going to rise and revisit the $155.57 high accumulation zone, if the bulls could change their orientation and push harder.
Meanwhile, there is a possibility for a price reversal at the mentioned support as the market now points up on the oversold region of the daily stochastic. This upcoming bullish rally may likely break up at the $155.7 level which might hit the $160.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant is possibly making its way up and may break up at the $155.57 level to signal a pump up in its medium term. The currency pair is trading in a bearish market; this is due to the high influence of the sell traders on the crypto.
The price of the QNTUSD has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $95.98 during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward and this may break up at $155.57 level.
The market price of QNTUSD which increases to a $96.71 high level below the moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and an improved bullish market sentiment. Thus, closing the 4-hourly session above the $117.00 will put the trade more on the buy side and this may break up at the $155.57 level soon.
Next, the coin is in an upward direction on the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $160.00 resistance value soon in its medium-term time frame.
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