Quant Price Forecast: August 7
The Quant price is set to break up at the $150.00 previous high point as it faces the resistance. The coin price may continue its rising pattern if all the current support holds and the bullish pressure persists. As a result, the bullish correction pattern may likely extend the coin price to hit the $150.00 high mark. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $59.00, $60.00, $61.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is setting up for break up on the daily time frame, as the crypto resumes its bullish correction pattern. The price bar can be seen slightly above the EMA-50, indicating a bearish trend. Thus, the bulls are capable of pushing higher from this trend line. 
The sustained bears’ pressure at the $50.05 support level during the last session is the cause of its bearishness in its recent price level. However, the bulls are set to break up the resistance line soon, as the journey up north begins.
At the time of writing today, the QNTUSD market pulled back to a $61.86 resistance value below the EMA-50 as the daily session resumed, resulting in an intraday gain for interested traders.
Hence, the crypto price is set to break up its previous high at $150.00 level, if the bulls could put more effort into their buying activities.
Additionally, the daily signal shows that the Quant price is set to break up the $150.00 previous high soon as it remains in an uptrend. From the look of things, the potential rally may drive the coin price to the $160.00 upper resistance level in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Break up at $150.00 Price Level
The medium-term chart shows that the QNTUSD pair is set to break up at its previous supply level as the bullish correction phase begins. The coin price is going up below the moving average, suggesting a bearish trend.
Today, the bullish actions pushed the Quant price to a $61.47 high level below the EMA-50, as the 4-hourly session resumes, implying that the crypto is set to break up its previous value soon. Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase.
Currently, the crypto is correcting as indicated by the daily stochastic; therefore, there may be a potential rise in the Quant price, and this may break up the previous high at the $80.97 supply level, which might further extend the coin price to the $150.00 high trend line in the coming days in its medium-term outlook.
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