Quant Price Forecast: June 21
The market price of QNTUSD threatens for a rise at the $98.61 support value due to the bearish exhaustion happening at the moment. The coin may experience a possible reversal at the mentioned support to resume its upside moves soon. A bullish breakout above $163.14 value with daily candle closing must trigger the bullish pattern. The post-breakout rally could push the coin price to hit the $300.00 resistance mark.
Key Levels:
Resistance Levels: $180.00, $190.00, $200.00
Support Levels: $100.00, $98.00, $97.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades at the oversold region.
The sustained bearish pressure at the $99.66 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
The market price of Quant is currently trading at the $98.61 below the resistance trend lines in the long-term outlook. This is due to the inflow from the short traders.
Under the influence of this pattern, the price is likely to reverse at the aforementioned support to challenge the $163.14 neckline to witness gradual growth in the near future.
Meanwhile, the current price at a $98.61 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Furthermore, there is a possibility for a price reversal at the mentioned support as the market now trades at the oversold region of the daily stochastic. This upcoming bullish rally may likely breakup the $163.14 high mark which might possibly hit the $300.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Threatens for a Rise from the Bottom Support
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence from the sell traders. Quant is possibly making its way up after hitting the $99.48 supply level to overcome support to signal a pump up. It looks like price will want to bounce up again in the medium-term.
The market price of QNTUSD which increases to a $100.17 high level below the two 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 $119.91 supply level will put the trade more on the buy side.
An upside breakout from this resistance will pave the way for further growth and push the prices to the $163.14 mark.
Hence, we have a bullish bias that the coin price will continue the bullish trend as the market is now pointing up in the oversold region. If the buying pressure should increase, there may be a potential rise in the Quant price and this might possibly reach the $300.00 high trend line in the coming days in its medium-term outlook.
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