Quant Price Forecast: August 24
Today, QNTUSD’s price flashes a bullish pattern as the bulls begin the buying waves amidst market uncertainties. The coin is moving upward, and if all support levels hold and resistance breaks out of the $143.58level, a further change in the price to retest the $150.00 high value is possible and perhaps rising as high as $160.00, creating a strong accumulation zone for buyers.
Key Levels:
Resistance Levels: $65.00, $70.00, $75.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price flashes a bullish pattern below the resistance levels, indicating a recovery attempt by the coin buyers in its long-term view. The price is trading below the EMA line, indicating a bearish trend.
The QNTUSD price has fallen below the supply trend lines in its recent price level due to the bears’ pressure to a low of $61.26 in the past few days. But it now appears like the bulls are set to take control and drive us upward as it flashes a bullish pattern.
By press time, the Quant price flashed a bullish pattern as the coin buyers responded to the shift in the market structure and drove the coin price to a $71.00 supply mark below the moving averages as the daily chart opens today.
Further, the bullish pattern could assist coin buyers in revisiting the $143.58 neckline barrier and rising back to the overhead region, thereby invalidating any further bearish signs.
Additionally, the daily stochastic flashes a bullish pattern by pointing upwards. This indicates a bullish continuation of the upward trend, allowing the bulls to continue the current rally, which may soon result in the $160.00 resistance trend line or higher as it flashes a bullish pattern in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Begins Its Bullish Pattern
The Quant market flashes a bullish pattern as it begins its correction and remains bullish on the medium-term outlook. This is clear as we can see the prices progressing above the EMA-50.
The sustained bullish pressure to a $65.36 high mark in the last session has made it possible for the coin to remain in an uptrend in its recent high.
The QNTUSD price flashes a bullish pattern at a $69.50 supply level above the moving average as the 4-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 Quant market is trending upward as shown by the daily stochastic, indicating that the bullish pattern may continue.
In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $160.00 supply value in the next few days as it flashes a bullish pattern in its medium-term perspective.
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