Quant Price Forecast: August 14
QNTUSD price retracement will surge higher as it faces a new correction to resume its upward rally. Amid the selling pressure the coin gave a bullish breakout from the $66.80, indicating that buyers are attempting a comeback. Therefore, if the coin price holds above the $150.00 high level, a possible rally might push the crypto to the $160.00 upper resistance level and higher, indicating a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $65.00, $66.00, $67.00
Support Levels: $115.50, $115.40, $115.30
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD price retracement will surge higher after rebounding from its massive drop in its long-term perspective. The crypto shows signs of upward retracement with a bearish sentiment, suggesting a bearish trend. However, the current trend will soon be nullified as the market price retracement has just begun.
The sustained bearish pressure at the $64.74 support value in the past season has made the crypto price drop below the supply levels in its recent high.
Today, the Quant market price shows signs of an upward retracement at the $66.80 high level below the EMA-50 following the completion of the downward moves. The coin is attempting a comeback syndrome, and the price retracement will surge higher.
Thus, a possible breakout from the mentioned price retracement level will accelerate the buying momentum and push the prices of Quant higher to hit the previous high at the $150.00 level, bolstering buyers for a sustainable rally.
Additionally, an upward momentum shown by the price indicator suggests the QNTUSD price retracement will surge higher to touch the $160.00 upper resistance level sooner in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
Quant price retracement will surge higher due to an increasing influence of the buy traders in the market in the medium-term outlook. The currency pair is above the resistance level, implying a bullish rally. 
The QNTUSD pair is experiencing an upward price retracement at $66.80 above the EMA-50, as the 4-hourly chart opens today, indicating high commitment from buyers. Thus, closing the 4-hourly session above the $78.25 previous barrier will put the trade more on the buy side.
Notably, the coin price retracement will surge higher as suggested by the daily stochastic, indicating an uptrend. Therefore, if additional selling power is prevented, the Quant price retracement rally may drive the prices high to hit the $160.00 upper resistance value soon in its medium-term time frame.
Place winning Quant trades with us. Get QNT here
Leave a Reply