Quant Price Forecast: July 15
The QNTUSD price is poised to see more upsides as it showcases a notable increase to the upside due to growing investor optimism. After completing the downward correction, the crypto may continue to see more upside if the support level at $68.30 holds and the daily chart closes above the $150.00 resistance level. This would increase the likelihood that the price will rise to the $160.00 upper resistance level, reflecting a broader market recovery.
Key Levels:
Resistance Levels: $90.00, $100.00, $110.00
Support Levels: $70.00, $65.00, $60.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is in a bearish market zone, preparing to see more upsides and grow more in its higher time frame, as can be seen from the chart below, suggesting a bearish trend.
The sustained bearish movement at the $68.30 low value in the past few days has made the crypto price remain below the supply trend levels in its recent high.
As a result of price rejection in the previous action, buyers were able to see more upsides and push the price of Quant higher to a $72.31 high level below the EMA-50 as the daily session opens today, as it journeys up north. More gains are possible if the bulls can put extra effort into the price action.
Next, the momentum indicator pointing upwards suggests the QNTUSD price may continue to see more upsides, boosting investors’ confidence in the crypto. As a result, the price might swing up to retest the $150.00 previous supply value and extend to the $160.00 upper resistance level in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The Quant pair is displaying a bullish posture in anticipation of seeing more upsides in its medium-term outlook. This is due to the high inflow from the long traders.
The increase in momentum by the bulls at the $70.85 supply value in the previous session has enabled the Quant price to see more upsides and stay strong above the resistance lines in its recent high.
The market price of QNTUSD has just broken up the EMA line at the $72.31 high level as the 4-hourly chart opens today, giving the crypto a high tendency to rise further.
Hence, the coin price could see more upsides if the bulls break up the $81.82 previous barrier level, reflecting positive sentiment among the investors.
Furthermore, the daily stochastic signals an uptrend, implying the Quant pair might continue to see more upsides if the bulls could push harder and sustain the coin price above the $81.82 previous high, the resulting rally may surpass the $150.00 level and hit the $160.00 psychological level at the upside in the days ahead in its medium-term perspective.
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