Quant Price Forecast: May 25
The market price of QNTUSD may likely face an upside reversal at the $93.70 support level to resume its upside moves soon. The price should rise further if buy investors are able to demonstrate their strength and sustain the price above the $155.57 resistance level. After that, a trend change is anticipated to hit the upper resistance level of $160.00, resulting in a higher recovery potential for the coin buyers.
Key Levels:
Resistance Levels: $115.00, $116.00, $117.00
Support Levels: $93.00, $92.00, $91.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair is likely to face an upside reversal soon as the selling pressure is about to end. The coin is trading below the EMA which confirms its bearish trend. However, the current trend will soon be nullified as the market now trades at the oversold region.
The sustained bearish pressure at the $95.51 support value has made the crypto price drop below the supply levels lately. However, the coin is likely to change from the current trend and face an upside reversal soon.
The price of Quant at the $93.70 low value below the EMA-50 as the daily chart opens today is a result of low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, the Quant price can face an upside reversal at the $93.70 current supply level as the market now trades at the oversold region of the daily stochastic. This upcoming bullish rally may likely break the $155.57 high mark which might extend to the $160.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Facing an Upside Reversal at the $93.70 Support Level
The coin also trades in a bearish trend market and is likely to face an upside reversal soon in the medium-term outlook. This is due to the high order flow of sell traders in the crypto market.
The bears made a downward move to the $94.66 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low. However, it looks like the price will face an upside reversal soon to bounce up again.
The market price of Quant which further dropped down to a $93.70 low level below the moving averages as the 4-hourly session opens today suggests the high impact of the sell traders on the cryptocurrency.
With the overall market trend still bearish, the QNTUSD price is likely to face an uptrend reversal at the $93.70 support level and plunge higher to retest the high accumulation zone of the $117.29 level.
Additionally, the QNTUSD pair might finish the downward correction and face the upside reversal soon as the market now approaches the oversold region. If this is achieved by the medium-term investors, the recovery rally may reach the $160.00 upper high value in the coming days in its medium-term perspective.
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