Quant Price Forecast: August 21
QNTUSD has the potential for a bullish continuation as the coin price faces an upward trajectory, suggesting the bulls are making a recovery attempt. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts. The $150.00 upper high level might be reached, resulting in an investment opportunity for the buy traders.
Key Levels:
Resistance Levels: $65.00, $66.00, $67.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bearish (4H Chart)
QNTUSD has the potential for a bullish continuation as the bulls are already building up the new correction phase for more gains in its long-term view. Further, the price is below the EMA-50, implying a bearish momentum.
The Quant price has fallen below the supply trend lines due to the bears’ pressure, which brought it to a low of $62.10 mark in the last session, but it now appears like the bulls are set to take control for a bullish continuation.
The price responded to the shift in the market structure and is below the moving averages at the $62.17 resistance value as the 4-hourly chart opens today.
Further increase in the buying pressure will invalidate any further bearish thesis and potentially position the Quant pair for a bullish continuation.
Additionally, the daily stochastic suggests an uptrend, indicating a bullish continuation to the upward, allowing the bulls to continue the current rally and may soon result in the $150.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (1H chart)
QNTUSD Price Attempting the Next Upward Move
The Quant market has the potential for a bullish continuation as it remains bullish on the medium-term outlook. This is clear as we can see the prices trading above the EMA-50.
The sustained bullish pressure at the $62.00 supply level in the last action has made it possible for the coin to have the potential for a bullish correction and remain in an uptrend in its recent high.
The Quant price is poised for a bullish continuation as it rises to a $62.17 high mark above the EMA-50 as the 1-hourly chart opens today. Hence, maintaining above the moving average will allow the coin to rise higher, resulting in an intraday gain for the coin buyers.
Also, the market has potential for a bullish continuation as it is currently trending upward as shown by the daily stochastic, indicating that the market value of the QNTUSD will continue to rise. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $150.00 supply value in the next days in its medium-term perspective.
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