Quant Price Forecast: May 27
The Quant price is warming up for the next bull cycle as the coin price currently faces the resistance level for potential growth. The coin is moving upward, and if all support levels hold and resistance reaches the $141.68 level, we can see a further change in the price to retest the $153.83 high value and perhaps rise as high as $150.00, resulting in exponential returns for the coin buyers.
Key Levels:
Resistance Levels: $95.00, $96.00, $97.00
Support Levels: $81.00, $80.00, $79.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price can be seen warming up for the bull cycle and remains a bearish trend in its long-term view. Further, the price is trading below the EMA-50 moving towards the resistance levels; it means that it’s in a bearish trend.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $92.03 level during yesterday’s session, but it now appears like the bulls are set, warming up for the next bull cycle to drive us upward.
The QNTUSD buyers pushed harder and made a pullback to a $95.12 resistance level below the moving average as the daily chart opens today. This suggests the crypto price is warming up for the next bull cycle which will invalidate any further bearish thesis.
However, the crypto market is regaining its strength back as we can see a new corrective move by the bulls at the support levels. Thus, a strong push by the bulls to a $153.83 resistance point will stabilize the bullish momentum and remain stable.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation to the upward, which will allow the bulls to continue the current rally and may soon result in the $150.00 resistance trend line or higher as the coin buyers are warming up for the next bull cycle in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Warming up for the Next Bull Cycle
The Quant market is also warming up for the next bull cycle on the medium-term outlook. This is clear as we can see the prices rising below the supply levels.
The bear’s pressure at the $93.61 support value during the last session has contributed to its bearishness recently.
Meanwhile, as the Quant price is warming up for the next bull cycle, the bulls made a retracement to the $95.12 resistance level as the 4-hourly chart opens today. However, the pair could go further if the bulls could add more energy to their buying motives and break up the $116.62 supply level, resulting in a higher potential bullish growth and intraday gain for the coin buyers.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the QNTUSD will continue to increase. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $150.00 supply value in the next days as the coin buyers are warming up for the next bull cycle again in its medium-term perspective.
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