Quant Price Forecast: July 13
The Quant price begins its bullish rally again after the completion of the low movements. The coin price may experience an explosive move to the upsides if all support levels hold and resistance breaks out of the $148.55 level, we can see a further change in the price to reach the $160.00 and perhaps rise as high as $170.00 upper resistance levels before attempting the next slump.
Key Levels:
Resistance Levels: $90.00, $95.00, $100.00
Support Levels: $83.00, $82.00, $81.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market seems to have pulled back to begin its bullish rally again in its long-term perspective. Further, the price is below the EMA-50, suggesting a bearish trend.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $69.50 level during yesterday’s session, but it now appears like the bulls are set to begin their bullish rally again to drive the crypto price upward.
The price responded to the shift in the market structure and is below the moving averages at the $70.58 resistance value as the daily chart opens today. The QNTUSD is regaining its strength as we can see a new corrective move by the bulls at the support levels.
Thus, if the bulls managed to break up the $148.55 previous high level, further growth potential might be attained by the coin buyers.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation of the upward, allowing the bulls to continue the current rally and may soon result in the $160.00 resistance trend line or higher as the crypto begins its bullish rally again in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Begins Its Bullish Rally Again
Despite the current fluctuations in the crypto market, Quant begins its bullish rally again to attract more investors in the coin market in the medium-term outlook. This is clear as we can see the new correction taking place below the EMA-50.
The sustained pressure by the bears at the $69.65.00 support level in the last trading session has made the coin price remain below the supply levels in its recent high.
Today, at the press time, the QNTUSD pair begins its bullish rally again and swings to a $70.58 resistance level below the EMA-50, as the 4-hourly chart opens, resulting in an intraday gain for the coin buyers.
Hence, should the buying pressure persist, and the bulls close the 4-hourly chart above the $83.15 previous high mark, the ongoing recovery could lead the market price of Quant to remain stable at the upside and stop any further bearish moves.
Similarly, the market is currently trending upward as shown by the daily stochastic, suggesting that the market value of the QNTUSD will continue to rise.
In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $160.00 supply value in the next few days as it begins its bullish rally again in its medium-term perspective
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