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QNTUSD Price Forecast: June 9th
The QNTUSD price forecast shows buyers are relieving sell pressure. After facing relentless selling pressure, Quant seems to be staging a comeback.
QNTUSD Long Term Trend: Bearish (1-Day Chart)
Key Levels
Supply Zones: $90.000, $93.000
Demand Zones: $81.630, $75.000
The bears had been in control of the market, pushing the QNTUSD price lower. Sellers were ready to drag the Quant price down further.
Quant Price Forecast: QNTUSD Outlook
After a period of consolidation above the $90.000 key level, sellers broke out and managed to drive the price down to the $81.630 significant zone.
Their dominance was evident as selling pressure built up slowly over the preceding weeks. However, buyers have now halted the bears’ momentum by relieving pressure at the $81.630 level.
As the Bollinger Bands indicate low volatility, a breakout could be on the horizon. The Parabolic SAR also shows an impending reversal. With increasing volume, traders expect buyers to stage a strong pullback and relieve the bearish onslaught.
QNTUSD Medium-Term Trend: Bullish (4-hour chart)
The Parabolic SAR in the short timeframe signals an upcoming trend change in favor of buyers. Additionally, the Bollinger Bands still depict low volatility, leaving room for expansion. As volume picks up, traders anticipate the buyers’ resurgence to cut through selling pressure using the right crypto signals.
After weeks of bearish dominance, Quant seems poised for a potential comeback led by accumulating buyers. Several key indicators point to relief from downward pressure. With low volatility, a breakout could be looming if buying momentum gains traction. Traders should closely watch price action and volume flow for cues on Quant’s next move.
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