Quant Price Forecast: August 19
The QNTUSD pair is on the verge of reversal to the upside and may likely face the upside promptly soon. The coin has been in a downtrend for a while and is on the verge of reversal at the moment. An increase in the bulls’ pressure may break up the previous supply at $102.09 value and this may swing up the crypto price to $200.00 and $300.00 supply levels and beyond.
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)
The Quant price is bearish in its long-term outlook. The price now trades below the supply trend levels due to interference from the sell traders.
The drop in the coin price to a $98.60 low value during yesterday’s session has made the price remain below the supply levels in its recent low.
Actions from the bears further dropped the coin price down to a $99.50 support level below the two EMAs as the daily-hourly chart resumes today, this is due to a low bullish momentum.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price above the $146.37 price level.
Notably, the QNTUSD price is on the verge of reversal as the coin market has fallen below the 20% range of the daily stochastic, this will compel the bulls to resume the next upward move, and with this trend, the price may jump to a $300.00 high level in the days to come in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Is on the Verge of Possible Reversal
The QNTUSD pair is trading in the bearish trend market in its medium-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $99.54 low level in the previous action contributed to its bearish momentum in recent times.
The market price of Quant is currently trading below the resistance trend lines at the $99.59 support level in the medium-term outlook. This is due to the inflow from the short traders.
With aggressive buying, should the coin price turn up from the mentioned support and jump above the $114.17 supply mark, the bearish thesis would get invalidated.
Additionally, the momentum indicator shows that the price of Quant is on the verge of possible reversal as shown by the price signal approaching the oversold region.
So we expect the buying crew to resume the recovery pattern and push the price distribution to a $300.00 supply level and beyond sooner in its medium-term outlook.
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