Quant Price Forecast: July 10
The QNTUSD pair may likely face the upside promptly soon. The price is on the verge of a possible reversal at $102.34 support to the upside. Should the bulls regroup and exchange hands with the bears at the mentioned support and push harder, a further bullish breakout from the $103.44 high value will accelerate the new bullish correction phase. The $350.000 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $180.00, $190.00, $200.00
Support Levels: $106.00, $105.00, $104.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is having a bearish posture in its long-term outlook as can be seen from the above chart. The coin price can be seen trading below the supply levels, indicating a bearish momentum.
Activities from the short traders in the past few days to the $102.38 support value have made the price of Quant drop below the supply levels in its recent low.
Today, the bulls are trying hard to remain above the $168.38 previous swing high, so there is a possibility for the coin price to pull back at the current support of $102.34 to invalidate the bearish theory.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price of QNTUSD above the $168.38 price level. However, traders who buy at this trend will also make more gains in the nearby future.
Notably, it is very likely for the coin price reverse and face the upside soon as the market is now approaching the oversold region, this means that the selling pressure will end soon. So we expect the new bullish correction rally to reach a $350.000 resistance value in the nearby days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Will Rise Soon
The market price of QNTUSD is currently trading below the resistance trend lines in the medium-term outlook. This is due to the inflow from the short traders.
The crypto has been an interference by the sell traders in the previous action and has dropped the price below the resistance levels in recent times.
Actions from the bears further dropped the coin price down to the $102.34 support level below the two EMAs as the 4-hourly chart resumes today.
The investors buying at this support can expect sustained growth above $116.79 but will face in-between resistance at the $118.53 and $127.46 marks. Likewise, a breakup above the $130.02 supply trend line will invalidate the bearish thesis and can plunge prices back to the overhead resistance.
Adding to that, the market price of Quant is already oversold; this implies that the selling pressure will end soon.
Hence, there is a possibility for a price reversal at the $102.34 support value which could drive the coin price to a high of $350.00 in the nearby days in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply