Quant Price Forecast: August 16
QNTUSD after completing the downward moves is now attempting the next big bounce to the upside. The crypto is now set for the next bull cycle and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $146.37 previous high mark will encourage the buy investors for a longer correction and this might reach a high at the $400.00 upper supply trend line resulting in a great profit for the buying team.
Key Levels:
Resistance Levels: $130.00, $140.00, $150.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair is in a bearish trend zone in its higher time frame. The price responded to the shift in the market structure and is currently below the moving averages. 
The pressure from the bears to the $100.77 support value during yesterday’s session has sustained the coin price below the supply trend levels in recent times.
Today, the coin price made a pullback at the $101.92 high value below the moving averages as a correction phase to resume the next big bounce.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $146.37 supply level will offer strong resistance to the crypto price.
Adding to that, the Quant market is showing more upside possibilities as we can certainly expect more strength from the coin and this may likely get to a $400.00 supply mark in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
Upward pressure still dominates the QNTUSD pair on the medium-term outlook. The coin price is now trading above the EMA-9 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls. 
The bulls acted bravely during yesterday’s session by pushing the price of Quant to a $101.67 high value which enhanced the crypto price to remain strong above the supply trend levels in its recent high.
The bulls made a corrective move to a $101.69 high mark above the EMA-9 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 $101.69 neckline will accelerate the buying momentum and push the prices higher to hit the $114.17 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 big bounce for the Quant price could be the $400.00 high trend mark soon in the medium-term perspective.
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