Quant Price Forecast: May 22
QNTUSD‘s price will soar higher from the current resistance level at $98.20 and most likely continue its bullish run following the breath of fresh air drawing back the bulls to the market. With the look of things, the coin price could still go higher if the buy investors could prove harder and break up the $153.83 previous accumulation zone, the accelerated buying pressure may increase the coin price to hit the $150.00 upper resistance level, indicating strong investment potential in Quant and a potential buy signal.
Key Levels:
Resistance Levels: $96.00, $97.00, $98.00
Support Levels: $87.00, $86.00, $85.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The momentum on the higher timeframe is bearish. However, the QNTUSD price will soar higher above the current level as the new rising pattern has just begun below the supply levels. The coin price is now facing resistance, indicating that the bulls are ready to soar higher.
The bearish pressure at the $94.26 support level during yesterday’s session has made the coin price stay below the supply trend levels lately.
Today, there is a possibility that the Quant price will soar higher as the bulls made a pullback to a high of $98.20 resistance value below the supply levels as it resumes its daily chart; this implies that the coin buyers are gradually returning to the market to stage a play and to soar higher above the current trend level. Thus, more upsides are possible if the bulls can add enough strength and breach the $153.83 previous high barrier.
Additionally, the Quant price is in an uptrend on the daily signal, under the influence of this market level, the crypto price may soar higher and break up the previous high of $153.83 level to reach the $150.00 resistance level in the coming days at the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD pair will soar higher above the current level in the medium-term outlook. This is clear as we can see the coin price trading above the moving averages which indicates an uptrend.
The sustained bullish pressure at the $98.18 high level in the last few hours has made it possible for the coin price to soar higher and retain the upward strength lately.
The market value of Quant jumps into the bullish territory at a $98.20 supply level above the EMA-50, indicating the coin price will soar higher and that positive sentiment is returning to the market. Thus, a possible breakout from the current retracement at the $98.20 neckline will accelerate the buying momentum and enhance the crypto prices to soar higher to hit the $116.62 previous resistance level.
Notably, the Quant price will continue to soar higher as indicated by the daily stochastic which remains in an upward direction. Therefore, if all the current support holds in place, the price will soar higher to hit the $150.00 upper level soon.
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