Quant Price Forecast: QNT/USD Ready to Push Up from the $89.60 Support Level

Quant Price Forecast: June 2

The Quant price forecast suggests the market will leverage support from the $125.25 demand level to rise back into the consolidation zone.

Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of Supply: $107.40, $117.60, $131.00
Zones of Demand: $95.80, $89.60, $75.50
The Quant market experienced a consolidation phase from April to May following a significant price drop from the $142.10 resistance level. During this period, the price failed to break the $117.60 resistance and leaned more on the $95.80 support level. Eventually, the price fell below this support to $89.60. However, buyers are reviving and are expected to leverage the support to re-enter the consolidation zone.

Quant Price Forecast: QNT/USD Outlook
After dropping into consolidation, QNT/USD has been unable to break the $117.60 resistance despite several attempts.

The price has gravitated increasingly towards the $95.80 support level, even plunging below it to a lower support at $89.60.

The market is now reversing from the $89.60 support as the price prepares to re-enter the consolidation zone and possibly break the $117.60 resistance.

QNT/USD Medium-Term Trend: Bullish (4-Hour Chart)
On the daily chart, the MA Cross lines are already aligned above the daily candles, with an additional cross occurring as the price fell below the $95.80 consolidation support level. The Stochastic Oscillator lines jumped from the oversold border to the overbought border before dropping back again.
The MA Cross (Moving Average) on the 4-hour timeframe has descended to the base of the candlesticks and crossed upward, confirming the bullish revival from the $86.90 demand level. The 4-hour Stochastic Oscillator lines, which were previously undulating in the bearish half below the 50 mark, have now popped above the 50 mark, indicating readiness to push higher.

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