Quant Price Forecast: July 19
The QNTUSD price is actually preparing for the next swing up as the bulls have decided to take their stand after completing the dip-lows. The coin may likely increase further, provided buyers don’t give up and increase their momentum pressure in the market. In case buyers manage to break up the pattern’s resistance trend line at the $163.14 high value, a possible relief rally may drive the coin market price to the $300.00 resistance mark and beyond, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the bulls are now set to further swing up the coin price to the upper resistance zone.
The sustained bearish pressure at the $100.30 support value has made the crypto price drop below the supply levels in its recent high.
The market value retraced from the mentioned support and spikes up to the $102.04 high level below the two EMAs with its wick touching the EMA-9 as the daily session begins today; this however indicates the brief return of the bulls to swing up the price action of the coin.
Thus, an additional effort by the long traders and a strong break above the $163.14 resistance point would strengthen the bullish pressure.
Adding to this, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the crypto price up to a high of $300.00 soon in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Swinging Up from the Bottom Level
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders.
This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are now set to take us higher to the upper resistance area.
The sustained bearish pressure at the $100.21 support value during the previous session has made the price of QNTUSD drop below the supply levels in its recent price level.
After completing the low-dips at the $100.21 low value, the coin price found a reliable resistance at the $101.25 value as a pullback below the two moving averages as the 4-hourly session resumes today.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at present. A strong breakup above the $116.31 previous resistance point would strengthen the bullish pressure.
Similarly, the Quant price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high at the $300.00 value soon in its medium-term time frame.
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