Quant Price Forecast: QNTUSD Rebounds from $96.90 Support, Initiating a Bullish Cycle

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.