Quant Price Forecast: August 17
The QNTUSD price is set for an upswing as buyers reclaim another crucial supply to resume its upward trend. Therefore, if the bulls could trigger their forces in the market, the price may likely increase further to break up at the $150.00 barrier, extending to a $160.00 upper high level, offering strong resistance to the crypto.
Key Levels:
Resistance Levels: $64.00, $65.00, $66.00
Support Levels: $52.00, $51.00, $50.00
QNTUSD Long-term Trend: Bearish (Daily chart)
In the long term, it could be seen that the QNTUSD price is set for an upswing as buyers reclaim a new resistance. The coin price is trending below the EMA-50 line, indicating a bearish trend due to the high inflow from the sell traders. However, there will
be a turnaround for the Quant buy traders.
The sustained bearish pressure at the $63.04 support value has contributed to the crypto’s bearishness in its recent high.
Today, the Quant buyers made a pullback at the $64.79 high mark below the resistance levels as the daily chart commences, suggesting that the Quant price is set for an upswing.
Thus, a breakout above the $150.00 previous swing high would allow buyers to regain control and potentially drive the coin price toward the upper resistance area.
Meanwhile, the daily signal indicates that the Quant price is set for an upswing by pointing upwards. Based on the outlook, if the bulls could increase their swagger, the next upswing by the bulls might reach a $150.00 high mark which might hit the $160.00 supply value in the coming days as the coin price sets for an upswing in the long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Sets for an Upswing
The currency pair is set for an upswing as the bulls began the rising pattern below the supply levels in its medium-term outlook. Quant is possibly making its way up after hitting the $63.04 support level to overcome support to signal a pump-up.
The market price of QNTUSD which increases to a $64.42 high level as a retracement below the moving averages as the 4-hourly session opens today suggests the coin buyers are set for an upswing and a swift increase is expected to follow soon
Hence, with high buying pressure and positive market sentiment, the crypto can increase its upswing to hit the $75.90 resistance value, attracting more investors and putting the trade more on the buy side.
Next, the Quant market is in an upward direction on the daily stochastic, therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $160.00 resistance value soon as the coin price sets for an upswing in its medium-term time frame.
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