Quant Price Forecast: July 12
The Quant market price could surge above the $168.38 supply level as the crypto is on its way to the new resistance trend level. The coin is possibly making its way up after hitting the $102.34 low level to signal a pump. Thus, a strong push from the current price at the $101.83 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to the $400.000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $100.00, $99.00, $98.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market has now resumed its bullish race to the overhead resistance.
The sustained bearish pressure at the $102.34 support value during yesterday’s session has made the QNTUSD price drop below the supply levels in recent times. However, the bulls are now set to further swing up the coin price to its new resistance trend levels.
The long traders obtaining dynamic support from this trend line and show new higher lows at the $101.83 resistance value below the two EMAs as a pullback to restore the recovery sentiment as the daily chart resumes today.
Therefore, if the bulls should increase their tension in the market, the price tendency could surge above the $168.38 previous swing high to invalidate further bearish thesis.
Adding to that, the daily stochastic remains in an upward direction in the oversold region.
Hence, if the coin buyers manage to break above the $168.38 previous supply trend level, the market participants may witness a new recovery rally and this may likely reach the $400.00 high mark in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Surge Above the $168.38 Supply Level
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price bar is seen below the moving averages.
The intervention from the sell traders at the $102.34 low value in the previous action has made the coin price drop below the supply trend line in its recent high. However, the Quant buyers are back in the market struggling to surpass the $168.38 psychological barrier.
The market value of QNTUSD at the $101.83 high level below the moving averages shortly after the commencement of the 4-hourly chart today, indicates that positive sentiment is returning to the market.
Thus, buyers need to add more pressure to their activities to move the market beyond the current price level. A breakout above the $130.02 previous high value could signal a change in the price trend and prolong the bullish recovery to surge above the $168.38 supply level.
Additionally, the Quant market is oversold as shown by the daily stochastic; we can certainly expect more gains and strength from the coin soon.
The pair may likely grow to surge above the $168.38 previous resistance level soon which might expose the coin price to hit the $400.00 upper high mark in the days ahead in its medium time frame.
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