Quant Price Forecast: July 22
After a massive jump on July 13th, the Quant price witnessed a significant correction again starting from the $102.04 high. This bullish pullback tumbled the prices 36.7% as the coin price regains bullish momentum at the $103.93 price level again. In case the bulls should defend the selling pressure at the $98.84 low value, an increase in the bulls’ momentum may break up the resistance level at $163.14 and this may increase the Quant price to a $300.00 upper high trend line.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as the prices are trading above the EMA-9 moving close to the upper resistance zone.
The sustained pressure from the bulls at the $101.71 supply level in the past session has contributed to its bullishness in recent times.
In the last 2 days, the Quant price has tumbled 18.5% and reached the current trading value of $103.93 supply value indicating that the bulls are buying at this level.
With sustained buying, the price will test the support strength of the recently breached $163.14 level and set the potential bullish rally for further growth.
In addition, the market price of QNTUSD is in an uptrend on the daily signal, this will bring the emergence of more buyers soon and push the coin price further up, and in this case, the bullish correction rally might extend the coin price to the $300.00 upper resistance value in the coming days in the higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Remains Bullish at $103.93 Price Level
QNTUSD can be seen progressing forward in its medium-term perspective. Buyers are having the market at their disposal at the moment.
The bulls have sustained the crypto market at the $101.71 supply value in the previous action, this has made it possible for the coin to stay above the trend lines and remain stronger at the moment.
Today, the bulls caused a rise to a $103.93 high level above the moving averages to resume its uptrend. From the look of things, it seems it will keep growing.
In addition, if the bulls could push higher and close the 4-hourly candle above the reclaimed resistance, buyers will gain additional support to prolong the recovery rally to the $112.48 swing high. If this is attained by the bulls, the next price target might be the $300.00 upper resistance level in the days ahead in its medium-term outlook.
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