Quant Price Forecast: September 2
The market price of QNTUSD may experience a possible reversal at the $61.88 support level to resume its upside moves soon. This reversal pattern could assist coin buyers in challenging the $150.00 neckline barrier and remain stable at the upside. If the bulls push higher and close above the $150.00 resistance value, the surge in price might reach the $160.00 upper channel, indicating a potential for a prolonged recovery.
Key Levels:
Resistance Levels: $90.00, $95.00, $100.00
Support Levels: $65.00, $64.00, $63.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD suggests a possible reversal as it indicates a downward trend with a bearish sentiment in its long-term perspective. The coin price is below the EMA-50, indicating a bearish trend and a possible reversal soon as the market is already oversold. 
The sustained bearish pressure at the $62.56 support value in the last session has made the crypto price drop below the supply levels, ready for a possible reversal.
At the press time, the price of Quant at the $61.88 low value below the supply level as the daily chart opens today is a result of low bullish momentum and suggests a possible recovery.
Thus, if buyers eventually reclaim trend control from sellers and rebound from the $61.88 support value, a positive breakout above the current support is needed to confirm the potential Bull Run.
Meanwhile, there is a possibility for a price reversal at the mentioned support as the market is at the oversold region of the daily stochastic. Hence, the upcoming bullish rally may likely break the $150.00 high mark to hit the $160.00 supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Reversal at the $61.88 Support Level
The Quant price anticipates a possible reversal at the $61.88 support level as it stays below the EMA-50, implying a high bearish impact and a bearish trend in its medium-term outlook.
The sell traders made a downward move to the $62.84 support level before the end of the last session and called for a possible reversal in its recent low.
The market price of QNTUSD which drops further to a $61.88 low mark below the moving average line as the 4-hourly session opens today, is due to a low bullish momentum, anticipating a reversal soon.
Hence, a change in buyers’ orientation might rebound the coin price from the $61.88 current support and drive the crypto price to a $76.00 previous barrier level, creating a pivotal point for a higher rally.
Next, the Quant market is in the oversold region of the daily stochastic, suggesting a possible reversal at the mentioned support. Therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $160.00 resistance value soon in its medium-term time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply