Quant Price Forecast: May 3
The QNTUSD price is on the verge of reversal to face the upside promptly soon. Should the bulls regroup and exchange power with the bears at the current support of $110.90, a further bearish thesis will be hibernated and the coin price could turn upside to retest the previous high of $163.14 which may accelerate the new bullish correction phase to hit the $350.00 upper resistance mark and beyond.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $115.20, $114.10, $113.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective as can be seen from the chart above. The coin price can be seen below the two EMAs which are fanned apart. This is due to the high inflows from the sell traders.
The high order flow from the sell traders during yesterday’s session has led to the bearishness of the cryptocurrency.
Today the bears made a drop in the coin price to the $110.90 support value below the supply levels as the daily chart resumes today. Meanwhile, the current price at a $110.90 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, the price of Quant now approaches the oversold region, which means that the selling pressure is about to stop. Therefore the coin price may likely reverse at the mentioned support value, if this is achieved; the price of QNTUSD may turn positive to reach the $350.00 upper high mark in the nearby days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Facing the Upside Soon
The price of Quant is in a bearish move in its medium-term time frame. The prices are seen slightly below the moving averages, this is due to the brief return of sellers which may soon fade off as the market is now oversold.
Pressure from the bears at the $114.79 low value in the previous action has sustained its downward stability in its recent low.
Earlier today, the bulls’ action increases the price of QNTUSD up to the $114.49 high mark above the EMA-9 even as the 4-hourly session opened today. Sellers override this pattern and dropped the coin price to a low at $111.08 value.
Should buyers prove strong and move the coin price above the previous high at the $0.003919 trend line, further selling pressure will be invalidated. Meanwhile, traders who buy the coin during the bearish trend will also make profits.
In addition to that, there is a possibility for the occurrence of another bullish cycle soon as the coin market is oversold already. The cryptocurrency may likely pull back at the mentioned support and begins the bullish correction trend. This may break up the $126.08 previous high which might possibly reach the $350.00 resistance value in the coming days in
its medium-term perspective.
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