Quant Price Forecast: September 2
The QNTUSD price is recovering steadily to overcome the ongoing market uncertainties. The crypto is struggling heavily not to fall and there is a possibility of the coin price hitting the $350.00 supply mark soon and remaining in that trend level if the bull could add extra effort to their buying motives.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $92.00, $91.00, $90.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair indicates an upward trend with a bullish sentiment in its long-term perspective. As can be seen from the above chart, bullish momentum is accumulating on the pair right now.
In the previous actions, QNTUSD has been having high interference from buyers which really made it easier for the crypto to maintain stable upside moves in its recent high.
The coin price showed a slow yet steady recovery at the $101.35 resistance level above the EMA-9 on the daily time frame chart, as the bulls took to their stand to continue the journey up north.
A good breakup above the $147.53 resistance point would strengthen the bullish pressure and further bearish thesis would be invalidated.
Adding to that, the daily stochastic pointing up indicates an uptrend. This means that the bullish trend may continue and in that case, the price of Quant hitting the $350.00 supply mark soon is possible in its higher time forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Hitting the $350.00 Supply Mark
The momentum on the medium-term time frame is also distinctly bullish. Nevertheless, it seems the bulls will take over the price of Quant soon, and hitting the $350.00 supply mark will be the target.
The bulls made a corrective rally up to a $101.35 high level above the EMA-9 shortly after the 1-hour session opened today. This will enable buyers to influence the price tendency.
A potential upswing above the $127.46 previous high would get better confirmation of a bullish recovery, leading the price to the upper resistance territory.
Similarly, the QNTUSD price is pointing up indicating an uptrend on the daily stochastic; it means that the buying pressure will continue. As a result of that, there is a possibility of the price hitting the $350.00 supply mark soon in its medium-term outlook.
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