Quant Price Forecast: July 24
QNTUSD price is currently facing the upside, the coin which has the potential for a bullish rise will most likely continue its bullish run and the price could still go higher if the price can break up the $168.38 resistance mark, then we can expect a good upside momentum up to the $400.00 upper resistance level and beyond which would be a good buying opportunity for the coin holders.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as the prices are trading above the EMA-9 moving close to the upper resistance zone.
The sustained pressure from the bulls at the $104.26 supply level during the past session has contributed to its bullishness in recent times.
Today, the price was able to push higher and is taking the $105.95 resistance above the EMA-9. This implies that the bulls are buying at this level. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the coin price toward the $168.38 mark.
More so, the Quant market is pointing upwards on the daily stochastic, under the influence of this market level, the coin should rise steadily soon and break up the previous high at $168.38 level to reach the $400.00 resistance level soon as we watch the crypto market turns strongly bullish in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Rise Further
On the medium-term outlook, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart above.
QNTUSD is losing bearish momentum as it rises to a $105.95 high level above the moving averages as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Should the bulls put more effort into their buying motives, the pressure could trigger a breakout above the $130.02 previous resistance level.
A breakout above this barrier, with a 4-hour candle closing could signify a shift in the market dynamics which would indeed invalidate any further bearish thesis.
Adding to the above, the Quant price is pointing in an upward direction on the daily signal; this indicates that the crypto price will continue in an upward move and in this case, the $400.00 upper resistance level may be the target in its medium-term time frame.
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