Quant Price Forecast: July 20
The market price of QNTUSD may experience a possible reversal at the $73.71 support level to resume its upside moves soon. Should the bulls push higher and close above the $150.00 resistance value, a bullish breakout confirmation will reflect the improved market sentiment, offering higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $160.00 resistance trend level.
Key Levels:
Resistance Levels: $90.00, $100.00, $110.00
Support Levels: $65.00, $64.00, $63.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a possible reversal at the current support in its long-term perspective. The coin is trading below the EMAs. However, the trend will soon be nullified as the market approaches the oversold region.
The sustained bearish pressure at the $74.17 support value during yesterday’s session has made the crypto price dropped below the supply levels in its recent low.
The price of Quant at the $73.70 low value below the EMA as the daily chart opens today is as a result of low bullish momentum. Thus, if buyers eventually wrestle trend control from sellers and rebound from $73.70 support, a positive breakout above the resistance trend line is needed to confirm the potential Bull Run.
Meanwhile, a possible reversal might occur at the mentioned support as the market is already oversold. This upcoming bullish rally may likely break the $81.60 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 Possible Reversal at the $73.71 Support Level
The currency pair may experience a possible reversal at its current support in its medium-term outlook. The Quant price is below the supply levels, due to the high influence from the sell traders.
The sell traders made a downward move to the $74.17 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the QNTUSD price down to the $73.71 support level below the EMA as the 4-hourly chart resumes today.
Hence, if the bullish momentum is triggered, the coin price may encounter a possible reversal at the mentioned support to break up the $81.60 previous high value soon, reflecting a bullish market trend for the token.
Next, there is a possibility for a possible reversal at the $73.71 current support as the coin is in the oversold region of the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $160.00 resistance value in the coming days its medium-term time frame.
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