Quant Price Forecast: May 1
QNTUSD bulls offer a suitable pullback today despite a lingering bearish sentiment in the crypto market. The coin price which has just started the bullish gallop may continue with the trend to enter its potential bullish pattern if the bulls could trigger their forces in the market and sustain the price above the $153.83 supply level, the coin price might increase further to hit the $140.00 upper resistance level and beyond. Hence a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $101.00, $102.00, $103.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
ONTUSD is bearish in its long-term outlook. The coin buyers offer a suitable pullback below the supply levels which confirms its bearishness.
The crypto price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. However, the bulls have offered a suitable pullback to initiate the corrective rally.
After the completion of yesterday’s low dips at the $101.00 support level, the bulls offered a suitable pullback to a $103.73 resistance level below the EMA-50 as the daily chart opens today. A strong push by the bulls and a break above the $153.83 high level would offer a substantial gain for the coin buyers.
In addition, the market price of Quant is pointing up 0n the daily stochastic; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $140.00 upper resistance level in the days ahead as the bulls offer a suitable pullback in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Bulls Offering a Suitable Pullback at $103.73 Price Level. The momentum on the medium-term outlook is starting to turn bullish as the coin bulls offer a suitable pullback below the moving average line as can be seen from the chart now. 
The price of QNTUSD is currently trading at the resistance close to the EMA-50. So it seems likely that the bulls are about to take over and push us higher.
The bears’ touch at the $101.00 support level before the end of yesterday’s session has made the crypto price remain below the trend levels in recent times.
Despite the interactions from the short traders, the bulls offered a suitable pullback to a $103.73 high level close to the EMA-50 shortly after the commencement of the 4-hourly chart opens today. Thus, buyers need to add more aggression to their activities to move the market beyond the current price level.
Meanwhile, the market is showing an uptrend continuation on the daily signal indicating a buy potential is near. This will now compel the long traders to push the QNTUSD price to a significant level of $140.00 in the days ahead in its medium-term time frame.
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