Quant Price Forecast: July 5
QNTUSD‘s price maintains a bullish momentum at the moment and may likely break up the $163.38 supply level while trying hard not to fall by resisting sellers. We could likely see a further shift in the trend to the upside if all the support holds in place. The coin price may increase further to a $400.00 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $100.00, $90.00, $80.00
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 chart, bullish momentum is accumulating on the pair right now.
The sustained bullish pressure at the $126.00 level during yesterday’s session actually made it capable for the buy investors to retain the upward strength in its recent high.
The price of Quant finds reliable resistance at the $109.07 mark above the two EMAs, resulting in intraday gains. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant of the price actions at the present.
Further, if the bulls could additional efforts to their buying power, and further breakout from this trend line, the potential rally could intensify the bullish momentum to break up the peak at $163.38 supply value which may surge the Quant price to hit the $400.00 upper resistance trend line in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price to break up the $163.38 Supply Level
Analyzing the chart above, we can clearly see that QNTUSD is in a bullish market zone. The price currently trades above the two EMAs. This means that the coin is in an uptrend.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in recent times.
The market was propelled higher by the bulls until it reached a new high of $109.07 resistance value above the two moving averages as the 4-hourly chart opens today.
An additional effort by the bulls could further break up the $130.02 previous high resulting in a big turnaround for the coin holders.
Trading above the moving averages will enable the market value of QNTUSD to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $400.00 resistance level might be reached soon in its medium-term outlook.
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