Quant Price Forecast: August 30
The Quant (QNTUSD) bulls are gaining strength and are now at a possible buy opportunity. The crypto might continue its upswing move if the current support at $98.19 value holds, and the daily chart closes above the $142.59 resistance level. There is a high probability of the price hitting the $400.00 upper resistance level, leading to higher gains for coin buyers.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
As can be seen from the chart above bullish momentum is accumulating and buyers are gaining strength on the Quant market right now. The price is recovering and trades above the two EMAs, indicating a bullish trend. The bullish trend to a $101.61 high value during yesterday’s action has sustained the crypto above the trend lines in its recent high.
As a result of a high bullish impact on the market, the QNTUSD price has been able to rise further to the $104.70 supply value above the resistance levels as the daily session opens today.
Thus, with sustained buying, the coin price will continue to rise and may likely rechallenge the $142.59 neckline resistance which would lead to higher profits.
Adding to that, the daily stochastic indicates an uptrend, if buyers could breach the $142.59 previous swing high, the next resistance level to watch out for would be around $400.00 in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
On the 4-hour frame chart, buyers are gaining strength also as Quant price showed a steady recovery under the influence of a rising trend line. Prices are trading above the two EMAs which implies a bullish trend.
The strong push by the long traders to a $102.91 high mark in the previous session has contributed to its strong bullish trend in its recent high.
In the last few hours, the QNTUSD price has increased and is currently trading at the $104.70 supply value above the resistance levels, indicating the price sustainability above supply.
With sustained buying, the price could test the previous supply strength at the $114.17 value and set the potential for further growth.
Further, the QNTUSD pair is now pointing up on the daily stochastic. It indicates that the selling pressure has ended. Thus, the upcoming bullish correction rally may likely push us high to a $400.00 high mark and beyond in the days ahead in its medium-term outlook.
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