Quant Price Forecast: June 24
QNTUSD is making positive moves and looks promising at the $107.84 resistance value. The crypto can swing up further and test the supply level of $163.14.
Amid this rally, the coin price has breached the immediate resistance of $105.38, providing an additional stepping stone to rise higher.
Should the bulls increase their pressure, the resistance level of $107.84 may not hold and it may extend to a $400.00 high level and beyond.
Key Levels:
Resistance Levels: $160.00, $170.10, $180.20
Support Levels: $99.00, $98.00, $97.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair indicates an upward trend with a bullish sentiment in its higher time frame. The coin price above the EMA-9 with its wick touching the EMA-50 is trading above the level of $105.38, indicating a bullish trend. The market is presently facing resistance at the recent high.
The previous action by the bulls at the $106.02 high level has sustained the coin price to remain above the trend line in its recent high.
Amidst the recent sell-off in the previous action, the QNTUSD price climbed up to the $107.84 mark, trying to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.
A bullish breakout from the current price at $107.84 to retest the previous high of $163.14 resistance will offer buyers an entry opportunity with a potential upswing to the overhead resistance zone.
Further, if the coin buyers could hold above the $163.14 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price of Quant could pump or surge upsides to hit the $400.00 resistance value soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
On the medium-term outlook, the QNTUSD pair is in a resistance zone. Firstly, the crypto has broken above the two moving averages which indicates a possible rise of the pair.
The bullish reversal at the $101.00 high value in the previous action has sustained the crypto above the trend line in its recent high.
The market price of Quant is currently trading at the $106.78 supply level above the moving average lines. This means that the bulls are in control of the market at the moment.
The new higher high formation at the $106.78 mark reflects buyers’ continuation to accumulate at price hikes. If buyers could sustain this level, the coin’s market value would rise 11% to hit the $119.91 barrier.
Adding to this, the daily signal indicates an uptrend, based on the outlook, should the bulls push higher and close above the $119.91 high mark, the bullish correction rally might extend further to the $400.00 upper resistance value.
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