Quant Price Forecast: September 7
The market price of QNTUSD may experience a possible reversal at the $60.70 support level to resume its upside moves soon. Should the bulls push higher and close above the $148.78 resistance value. The bullish reversal could assist buyers in rechallenging the$148.78 neckline barrier. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $140.00 resistance trend level, creating a strong accumulation zone for buyers.
Key Levels:
Resistance Levels: $60.00, $70.00, $80.00
Support Levels: $50.00, $45.00, $35.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD pair suggests a possible reversal at the $60.70 support as the selling pressure is ending soon in its long-term perspective. The coin is trading below the EMA-50, indicating a bearish trend. However, the current trend will soon be nullified, as the market now trades at the oversold region.
The sustained bearish pressure at the $60.82 support value has made the crypto price drop below the supply levels in its recent low.
The price of Quant at the $60.70 low value below the moving average as the daily chart opens today is a result of low bullish momentum. Thus, if buyers eventually wrestle trend control from sellers and rebound from $60.70 support, a positive breakout above the current support is needed to confirm the potential Bull rally.
Meanwhile, there is a possibility for a price reversal at the mentioned support as the market now trades at the oversold region of the daily stochastic, suggesting that the selling pressure will end soon.
Hence, the QNTUSD’s upcoming bullish rally may likely break the $148.78 high mark and hit the $140.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Reversal at the $60.70 Support Level
After updating the lows, the Quant price experiences a possible reversal as the bulls resume the bullish correction in its medium-term outlook. The coin price is below the EMA-50, suggesting a bearish momentum.
The QNTUSD is possibly making its way up after hitting the $60.70 level to overcome support to signal a pump-up. It looks like the price will want to bounce up again after the possible reversal.
The market price of Quant at around a $61.52 high level below the moving averages as the 4-hourly session opens today, suggests the return of the bulls to the market to stage a play. Thus, closing the 4-hour session above the $76.00 barrier level will offer a good entry point for the coin holders.
Notably, the coin is pointing up on the daily stochastic. Therefore, if additional selling power is prevented a post-retest rally may drive the prices high to hit the $140.00 resistance value as soon as the crypto price experiences a possible reversal in its medium-term time frame.
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