Quant Price Forecast: August 7
QNTUSD‘s price is on the verge of retracement to resume its bullish trail promptly soon. Should bulls regroup and push higher, a possible retracement from the $101.07 low value will accelerate the new bullish correction phase. The $350.00 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $98.00, $97.00, $96.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant market is having a bearish posture in its long-term outlook as can be seen from the above chart. Prices are seen traded below the moving averages indicating a bearish momentum. The drop in the coin price to $102.22 in the past few days has sustained its bearishness in its recent low.
QNTUSD price dropped to a $101.07 low value beneath the two EMAs today as a result of low bullish commitments. However, the trend is about to experience a change in trend as the market is now oversold.
However, if the buy traders could prove stronger and exchange hands with bears at the mentioned support, the crypto price may turn positive to retest a$146.84 high level which will invalidate any further bearish theory.
Adding to that, the Quant price is on the verge of retracement and about to experience a bullish reversal price action as the selling pressure has reached the exhausting stage on the daily stochastic.
So the price could be ready very soon for another jump. In this case, a significant level above a $146.84 supply level might be tested soon which could lead to the $350.00 upper resistance levels in the days to come in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart) QNTUSD Price Turning Positive Soon
The QNTUSD pair indicates a downward trend with a bearish sentiment in its medium-term perspective. Prices are trading below the two EMAs. However, the current trend will soon be nullified as the selling pressure seems exhausted.
Pressure from bulls to the $101.83 support value in the last trading hours has caused its bearish trend in recent times.
A recent surge to the $101.62 supply level beneath the two EMAs today, indicates the returns of the long traders to stage a play. However, if the buy traders successfully keep the Quant prices above the $111.49 previous high could replenish the recovery sentiment in QNTUSD.
In addition, Quant price is pointing up in the oversold region of the stochastic, this suggests that the selling pressure has ended, hence the continuation of the recovery pattern.
It is therefore expected of buyers to push the coin price up to a $350.00 high level and beyond as we cross our fingers and watch out for BUY soon in its medium-term time frame.
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