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Quant Price Forecast: May 30
The Quant Price forecast is for a sustained upward movement after the price bounces off the $96.90 support level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $134.20, $125.25, $115.00
Zones of Demand: $101.30, $87.56, $76.10
The Quant market has been using the strong support level of $96.90 to keep afloat. When the price dropped off the $227.00 resistance level, it was at this level that the market revived. Like it has done several times, the coin has now bounced off the $96.90 support to trigger another upward movement.
Quant Price Forecast: QNT/USD Outlook
The Quant market has made a strong upward movement in recent times. However, when the price came into contact with the $227.00 resistance level, the buyers were exhausted, and a dip ensued.
The market fell through several key levels to reach the $96.90 support level. There have been struggles to rise again, but the support keeps the coin from plunging deeper.
The buyers made a strong push-up on January 25th before the price dropped off again in a ranging pattern. Once again, the market finds a footing on the $96.90 support and is ready to rally again.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The EMA period 80 (Exponential Moving Average) is about to be breached by the rising market on the daily chart. Meanwhile, on the 4-hour timeframe, the market has already traded above the EMA period 80. This signals more impetus to keep rising.
The pump in price off the $96.90 key level has helped the EFI (Elders Force Index) power line finally force its way above the zero level. On the 4-hour chart, the power line has risen even higher. Quant will seek to breach the $117.60 key level before rising higher towards the $149.60 major resistance.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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