{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/quant-qntusd-possible-reversal-at-the-61-88-support-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/quant-qntusd-possible-reversal-at-the-61-88-support-level\/","headline":"Quant (QNTUSD) Possible Reversal at the $61.88 Support Level","name":"Quant (QNTUSD) Possible Reversal at the $61.88 Support Level","description":"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 […]","datePublished":"2024-09-02","dateModified":"2024-09-02","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/09\/QNT-MON-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/09\/QNT-MON-LNT.png","height":579,"width":1281},"url":"https:\/\/forexschoolonline.com\/quant-qntusd-possible-reversal-at-the-61-88-support-level\/","about":["Cryptocurrency","Price Action Charts in Focus","Price Action Trigger Signals","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":456,"keywords":["QNTUSD","QUANT","Technical Analysis"],"articleBody":"Quant Price Forecast: September 2The 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, $100.00Support Levels: $65.00, $64.00, $63.00QNTUSD 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 LevelThe 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\u2019 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"}