Quant Price Forecast: June 5
The QNTUSD price may likely bounce off the support line and break up the resistance level at $153.83 soon. Thus, a sharp breakout and closure above the mentioned correction phase will invalidate any bearish thesis and the price might swing up further to hit the high of $150.00 upper resistant level and beyond.
Key Levels:
Resistance Levels: $90.00, $91.00, $92.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The daily chart shows that the QNTUSD price will bounce off the support line as soon as we can see a new bullish correction in place. The price action is below the supply levels which indicates a bearish momentum. 
The bears’ action on the crypto at the $90.36 support level has made the coin price remain below the resistance levels recently.
The market value spikes up to the $91.35 high level as a pullback below the EMA-50 as the daily session begins today; this however indicates the returns of the bulls to the market and this may continue as the bulls have decided to bounce off the support line.
Thus, a strong break above the $153.83 resistance point would strengthen the bullish pressure on the crypto.
Meanwhile, the Quant price is pointing upwards on the daily stochastic, this will compel the bulls to continue with the trend, and this may bounce off the coin price from the support level to a $150.00 level in the days in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The momentum on the medium-term time frame is also bearish. Nevertheless, it seems the price will bounce off the support level soon while the bulls take over the price of Quant and push us higher as the market now faces the resistance trend levels. The high bearish impact on the coin in the last few hours has made its price trade low recently.
The market was propelled higher by the bulls until it reached a new high of $91.35 resistance value below the moving averages as the 4-hourly chart opens today.
Thus, an additional effort by the bulls could further break the $101.72 previous high resulting in a big turnaround for the coin holders.
Hence, we can expect more actions from the bulls as the price indicator is pointing upwards, this means that the price will bounce off the support line soon as buyers are still within the market and more upsides are still possible.
In light of this, the bulls might push the QNTUSD price to the $150.00 upper resistance value in the days ahead in the medium-term outlook.
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