Quant Price Forecast: August 5
QNTUSD price may finish the dip-lows and might possibly hit the $154.54 supply level soon. There is a possibility for the pair to experience another bullish reversal price action for another upward move potential. If the forces from buyers in the market should increase and the current support level at $103.04 holds, the coin price may possibly hit the previous high of $154.54 level and this may extend to the $300.00 upper high mark and beyond.
Key Levels:
Resistance Levels: $110.00, $120.00, $130.00
Support Levels: $100.00, $98.00, $96.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price is in a bearish market at the moment in its higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen below the two moving averages. Thus, the current trend will soon end as the crypto market is oversold.
The price drop to $103.94 during yesterday’s session has made the coin price trade below the supply levels in its recent low.
The bearish pressure further dropped the price of QNTUSD down to the $103.04 support value below the moving averages as the daily chart resumes today. Further, investors who buy the coin during a massive drop will also make gains in the future.
However, with the overall market trend still bearish, should the bulls regroup and exchange hands with the bears at the current support, the Quant price is likely to plunge higher and retest the high accumulation zone of $154.54 which will accelerate the recovery pattern.
Further, the crypto price may likely experience a price reversal at the mentioned support as the market is around the 20% range of the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $154.54 supply level might be tested soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. 
The bearish pressure at the $103.94 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
Actions from short traders further dropped Quant price down to a $103.38 low level below the two EMAs as the 4-hourly chart resumes today.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the coin price above the $114.17 price level.
The cryptocurrency is now trading in the oversold region. This means that the price of QNTUSD might possibly reverse at the $103.94 support level and its upside moves may likely hit the $154.54 supply level soon in its medium-term time frame.
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