Quant Price Forecast: July 3
QNTUSD price might possibly break out and resume its strong uptrend soon if buyers should trigger the buying pressure and break up the $165.00 peak level, the coin price may prolong the correction phase to a $450.00 high level. Thus, a clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $140.00, $150.00, $160.00
Support Levels: $100.00, $90.00, $80.00
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD pair is positive and portrays a bullish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently above the moving averages.
The pressure from the bulls to the $111.13 supply value during yesterday’s session has sustained the coin price above the supply trend levels in its recent high.
Today, the buy investors made a rally upwards to a $111.23 resistance level above the two EMAs; this implies an uptrend and also shows a bullish impact on the coin. Thus, more upsides are possible as buyers are seen clustered around the market presently.
In addition, under the influence of this market level, the price of Quant could rise steadily soon and break up the previous high of $165.00 level to reach the $450.00 resistance level in the coming days as we watch the crypto market turns strongly bullish in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price to Further Breakout, Buy!
The Quant market is in a bullish trend in its medium-term outlook. The price bars can be sighted above the supply trend levels.
Despite the moves from the short traders, the bulls managed to push the coin price up to the $111.13 supply level during the previous session and sustained it. This really made it easier for the cryptocurrency to maintain stable upside moves in recent times.
The bulls made a correction at the $111.23 supply value above the moving averages as the 4-hourly chart resumes today. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
Thus, a possible breakout from the current retracement at the $111.23 neckline will accelerate the buying momentum and push the prices higher to hit the $130.02 previous resistance level.
Additionally, there is a possibility of a bullish breakout if the bulls should add more effort to their tension in the market as the daily stochastic signal points in an upward direction; this indicates an uptrend and a bullish trend continuation.
As a result of this, the next target could be the $450.00 high trend mark soon in the medium-term perspective.
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