Quant Price Forecast: September 6
QNTUSD price may finish the low-dips and the price could see another uptrend soon. The coin price is likely to reverse at the current support level of $96.37 if the buy traders should exert more force and push harder. The bull run could drive the crypto prices to retest the previous high of $133.79 which may further expose the coin price to a $350.00 high mark and beyond, resulting in a high profit for the coin investors.
Key Levels:
Resistance Levels: $110.00, $120.00, $130.00
Support Levels: $99.00, $98.00, $97.00
QNTUSD Long-term Trend: Bearish (Daily chart)
In the last 3 days, the Quant price has tumbled due to the high pressure from the bears and currently trades below the supply levels in its higher time frame. However, the coin could see another uptrend soon as the market has now reached the oversold region at the moment.
The price drop to the $96.60 low value during yesterday’s session has made the coin price trade below the supply levels in its recent low.
Sellers caused a drop in the price of QNTUSD to a $96.37 low level below the moving averages today; the underlying sentiment suggests a downtrend in the context of the strength of the market.
Thus, the price could turn positive and go higher, if the bulls can put more tension to the activities in the market. Hence, a break above the $133.79 supply mark will put further selling pressure into hibernation.
Adding to that, the coin has fallen below the 10% range of the daily stochastic. It implies that the selling pressure is likely to end soon.
This will compel buyers to resume sooner and take the price of Quant up to a significant level, and in this case, the $350.00 upper resistance level might be the target soon in the long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders.
The price actions can be seen below the moving averages; meanwhile, the trend has just resumed the bullish run and could see another uptrend soon.
The bulls ran into resistance at the $97.42 value as a pullback below the two EMAs as the 4-hour chart opens today.
If the bullish momentum persists, a breakout above the accumulation zone of $104.79 level with a candle closing will signal a strong buy signal for interested traders.
Additionally, further upsides are certain as indicated by the price indicator showing that the coin is oversold already, in this case, the market value of Quant could rise to the $350.00 upper resistance level in the days ahead in its medium-term time frame.
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