Quant Price Forecast: June 25
The Quant price forecast is for the market to rise again to test the $117.60 resistance level. A failure to breach it will result in price consolidation.
Quant Long-Term Trend: Bullish (1-day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
The highlight of the Quant market for the past few months is that the buyers have overthrown the sellers’ dominance at the $96.90 significant support level. The price has equally been able to spring off the same support level in anticipation of a reversal but so far has not been able to bypass the $117.60 resistance level. The coin has since been undulating, another attempt will determine if the price will run higher or be seen as accumulating.
Quant Price Forecast: QNT/USD Outlook
During the bearish regime, the price has no difficulty plunging below the $117.60 key level. The level has previously acted more as resistance than support.
After the overthrow of the sellers, the buyers quickly tried to inflate the market. However, they faced a major obstacle at the $117.60 resistance level, which has proven to be a powerful barrier against any further rise in the price.
The market is again moving toward this resistant level, and the price is being influenced by the MA Period 25 (Moving Average), which also aligns with the key level of $107.40.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
On the daily chart, the MACD (Moving Average Convergence Divergence) indicator has crossed upward and is rising. It also has bullish histogram bars accompanying it. Meanwhile, the MACD lines have crossed the zero level and keep gunning upward on the 4-hour chart.
On the lower timeframe, the MA period 25 has slipped below the candlesticks and even supports the market. The buyers need to break the barriers above it, especially the $117.60 level. Failure to do so will result in price consolidation for the next few weeks.
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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