Quant Price Forecast: June 17
It is about time for the Quant price to turn upside as the coin price is now edging closer to the bullish breakout and the time to buy the cryptocurrency is near. The crypto may likely finish the dip-lows and resume the upside move soon. A breakout from the bearish pattern is needed to initiate a bullish recovery. If the current support at $96.70 value holds, further increase in the bulls’ pressure may breakup the $163.14 supply level and this may swing up the coin price up to a $350.00 high level which indeed will be a buy opportunity for the coin traders.
Key Levels:
Resistance Levels: $180.00, $190.10, $200.20
Support Levels: $95.00, $90.00, $85.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is in a bearish trend in its long-term outlook. The price bars can be seen below the moving averages. The market has been slowed down due to the high interaction from the bears at the $96.99 in the previous action.
Today, the QNTUSD price faces the lower support and dropped further to the $96.51 low value below the supply trend levels. This pattern suggests that the coin price is currently stuck in the short-term traders trading zone. Thus, a breakout from the bearish trend pattern is needed to initiate a bullish recovery.
Hence, should the bulls prove strong and challenge the selling pressure at the $96.51 low value, the coin price could rebound to retest the previous high at the $163.14 supply value which will offer a strong resistance to the crypto price.
Meanwhile, the current price at a $96.51 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.
In addition to this, the market value of Quant is now below the 7% range of the daily Stochastic in the oversold region. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend, in light of this, the coin price may likely pullback to retest the $163.14 supply level; the $350.00 resistance level might be reached in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The market price of QNTUSD is currently trading in the bearish market zone. The price bar is also traded below the supply trend levels. This is due to the high inflows of the sell traders.
The sell traders made a downward move to the $98.67 support level before the end of the yesterday’s session. This gave sellers more strength to continue with the trend in its recent
low.
Currently, Quant is trading at the $96.77 low value below the two EMAs with a minimal gain of $0.15. While the medium-term trend remains bearish, the price is likely to break above the supply trend line of the pattern, intensifying buying pressure, if the bulls could exchange hands with the bears at the mentioned support. Hence, traders who also buy the coin during the bearish trend will also make gains.
Additionally, the price of QNTUSD might possibly swing up above its previous high at the $119.86 value soon as the coin market price now trades in the oversold region, this will compel the bulls to resume the upward move and in this case the price might push higher to the $350.00 supply mark and beyond in the days ahead in its medium-term time frame.
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