Quant Price Forecast: QNTUSD Confronts the $78.120 Support Level as Sellers Regain Momentum

Azeez Mustapha

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Quant Price Forecast: June 16

The Quant price forecast reveals that the crypto market has slipped down to the $78.120 significant level. The sellers have regained control after a recent challenge from buyers.

QNTUSD Long Term Trend: Bearish
Key Levels
Supply Zones: $106.300, $88.390
Demand Zones: $78.290, $69.000
Quant Price Forecast: QNTUSD Confronts the $78.120 Support Level as Sellers Regain MomentumQNTUSD has descended to the $78.120 significant level as sellers reassert their dominance. This critical support level is now in focus, with its outcome likely to significantly impact the market.

Quant Price Forecast: QNTUSD Outlook
Towards the end of last week, buyers made efforts to recover, but their strength was insufficient to push the price above the $88.390 resistance zone. QNTUSD has been facing resistance from both traders at this level.

Despite buyers’ attempts to engineer a strong reversal, the past few months have favored sellers. They have managed to maintain their dominance, driving the price down to the $78.120 key level. The Price Oscillator indicator is trending lower, falling far below the 0.00 level, suggesting that sellers currently have the upper hand.

However, buyers can still influence the market, and a crossover in the RSI (Relative Strength Index) could potentially shift the momentum back in their favor. As market volatility continues, traders should consider utilizing the best crypto signals available to help mitigate risks and identify optimal trading opportunities.

QNTUSD Medium Term Trend: Bearish
In the short term, sellers are intensifying their efforts to push prices lower, which could sustain the bearish sentiment. Sellers still have the upper hand, as indicated by the RSI and the declining price flow.
Quant Price Forecast: QNTUSD Confronts the $78.120 Support Level as Sellers Regain MomentumThe battle at the $78.120 support level remains challenging for buyers to overcome. The bulls will need greater intensity to break through this critical level. The outcome of this struggle could determine the next phase of the QNTUSD market.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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