Quant Price Forecast: August 31
QNTUSD price is setting up for another bullish rally as the crypto experiences a notable price surge, struggling to gain momentum. The daily chart shows positive momentum amidst market corrections. Therefore, if the bulls could trigger their forces in the market, the coin price might increase to hit the $150.00 high value, extending to the $160.00 upper resistance level and beyond. Hence a clear buy signal for the coin buyers.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $80.00, $75.00, $70.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price is setting up for another bullish rally after completing the downward correction on the higher time frame. The price is trading below the EMA line, indicating a bearish trend, due to the high inflow from the sell traders. However, there is about to be a turnaround for the QNTUSD buy traders as the bulls are setting up for another bullish rally.
The sustained bearish pressure at the $62.33 support value in the past few days has made the crypto price remain below the supply trend levels in its recent price level.
At the press time, the QNTUSD price could be seen setting up for another bullish rally at the $66.33 high mark below the EMA-50 as the journey up north continues shortly after the daily chart opens today.
Hence, if the bulls add more influence to their buying pressure, the Quant’s price may surpass the $150.00 critical level, potentially exposing the coin price to a higher level.
Additionally, the stochastic suggests the QNTUSD market is going upwards and in this case, the $160.00 upper channel might be reached in the days to come while the crypto is setting up for another bullish rally in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant (QNTUSD) Price Setting up for another Bullish Rally
In the medium term, the QNTUSD price is setting up for another bullish rally as it touches the moving average line. The price is slightly below the moving average, indicating a bearish market zone due to the high inflows of the sell traders.
The downward move by the sell traders to a $62.13 low level in the past session also contributed to its bearishness in its recent price level.
The cryptocurrency has completed its correction and is now set for an upswing. The buy traders pushed the market price of Quant up to the $66.33 resistance value slightly below the EMA-50 shortly after the 4-hourly chart opens today, suggesting the bulls are setting up for another bullish rally. Thus, a break above the $72.27 value would create more areas of interest for the crypto buyers.
The market price of QNTUSD is pointing up on the daily stochastic, indicating the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $150.00 upper resistance level soon as the bulls remain poised at setting up for another bullish rally in its medium-term time frame.
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