Quant Price Forecast: June 5
The Quant (QNTUSD) pair remains strongly bullish at the mentioned above supply value. The coin price at the moment is currently recovering and also maintains its bullish race. The crypto is showing positive signs above the $117.86 supply value. If the coin holders could prove stronger and the price shows sustainability above the $163.14 previous high value, its upside moves could extend further to reach a $400.00 high level and beyond.
Key Levels:
Resistance Levels: $150.00, $160.00, $170.00
Support Levels: $109.00, $108.00, $107.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair portrays a bullish sentiment in its long-term perspective. Buyers are confident about gaining higher levels and this confirms their high impacts in the market at the present.
The sustained bullish pressure to the $117.86 supply level in the past few days has made it capable for the coin to remain firm in an uptrend in its recent times.
The momentum continues today as the bulls made a corrective move to a high at $119.19 mark above the supply trend levels as the daily chart opens today. This shows the high impact of the buy investors on the QNTUSD market; likewise, the downside risk remained uncertain.
Hence, new moves by the buy investors toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $400.00 resistance value in the days ahead as the Quant market maintains its bullish race in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the Quant market on the medium-term outlook shows a bullish race.
The coin price can now be seen progressing upward above the resistance trend lines matching towards the upper resistance levels. This shows that buyers are currently gaining more strength in the market.
The coin made it to the $119.91 high level during the previous action and has made the price remain in green at the uptrend in its recent high.
Today, the bulls made an upward move to the $119.19 high value above the supply trend levels as the 4-hourly chart opens .The Quant price looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and a bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remain in an upward direction. Hence, if the coin buyers manage to break above the $119.91 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $400.00 high mark in the days ahead in its medium-term market. This signals a BUY trade again in its medium-term time frame.
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