Quant Price Forecast: July 15
QNTUSD pair is in an attempt for the next big bounce and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $163.14 high mark will encourage the buy investors for a longer correction and this might reach a high at the $300.00 upper supply trend line. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $119.00, $120.00, $121.00
Support Levels: $110.00, $109.00, $108.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are now set to take us higher to the upper resistance area.
The sustained bearish pressure at the $100.34 support value during yesterday’s session has made the crypto price drop below the supply levels in its recent price level.
After completing the low-dips at the $100.34 low value, the coin price found a reliable resistance at the $101.69 value as a pullback below the two moving averages as the daily session resumes today.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at present. A strong breakup above the $163.14 resistance point would strengthen the bullish pressure.
Similarly, the Quant price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high at the $300.00 upper resistance value soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price Attempting to Rise Further
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-9 line indicating an uptrend.
However, the previous action at the $101.21 high level in the past few hours has really sustained the coin price to remain above the trend line in its recent high.
We have also spotted a breakout and the start of a continuation to the upside. Currently, the coin price made a pullback at the $100.40 value which further increases to the $101.69 supply value above the EMA-9 as a correction phase with intraday gains.
Hence, a strong push above the $116.31 previous swing high will offer strong resistance to the crypto price.
Also, Quant price is showing more upside possibilities as we can certainly expect more strength from the coin and this may likely get to a $300.00 upper resistance mark in the coming days in its medium-term outlook.
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