Quant Price Forecast: July 1
The QNTUSD uptick trading may swing up to a $150.00 level while making new corrections on the daily chart. If the current support at the $77.00 value holds, a further increase in the bulls’ pressure may break the mentioned supply level and extend the coin price to the $160.00 high level.
Key Levels:
Resistance Levels: $95.00, $100.00, $101.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Despite the ongoing market fluctuation, the Quant price may swing up to the resistance level soon in its higher time frame. This is clear as the pair has just resumed its rising pattern but has not yet reached its goal.
The market has been slowed down in recent times due to the interaction from the bears to a $73.42 low value in the previous action.
Today, the bulls swung up the price of QNTUSD from the $76.48 level to a $79.56 high value below the moving averages, creating a strong area of interest for the buy investors.
With strong buying pressure and high market sentiment, the cryptocurrency can swing above the previous barrier at $150.00, luring additional investors.
Additionally, the price of Quant might swing up to its previous high at $150.00 as soon as the coin market points up, indicating an uptrend. This will compel the bulls to resume the upward move and in this case, the price may swing up to hit the $150.00 supply mark and beyond in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD’s price may swing up to its previous high as it remains bullish in its medium-term outlook. The price currently trades above the EMA-50, confirming its bullish sentiment.
Pressure from the bulls at the $76.17 high value in the previous action has sustained its upward stability in its recent high.
As the 4-hourly chart begins today, bearish actions sent the coin price lower, to the $77.00 value above the EMA-50. Hence, staying above the supply levels makes it possible for the Quant bulls to influence the price tendency.
Therefore, should the coin price turn up from the current support and swing up to the $94.23 supply mark, the bearish thesis would get invalidated, resulting in more gains for the coin holders.
Hence, if the Quant price could sustain above the mentioned resistance level, the resulting rally may surpass the $94.23 high level and swing up to hit the $150.00 psychological level at the upside in the days ahead in the medium-term perspective.
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