Quant Price Forecast: July 6
QNTUSD price may likely swing up and a breakout is imminent as the crypto faces the resistance levels, indicating strong buyer conviction. According to the forecast, if the daily candlestick closes above the $150.00 supply mark, the correction phase will extend to meet the resistance at the $160.00 upper trend line and set the potential for future growth.
Key Levels:
Resistance Levels: $100.00, $101.00, $102.00
Support Levels: $65.00, $64.00, $63.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price is ready to swing up and a breakout is imminent as the coin remains in a bearish market in its higher time frame. Further, the coin is trading below the moving averages. 
However, the market is trending to the resistance at the recent high, ready to swing up to the overhead resistance levels.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Shortly, after the daily chart opens today, the buy traders swing up the QNTUSD market price with a pin bar bullish candle to the $72.35 resistance level below the moving average, indicating that a breakout is imminent from the recent level. Thus, a breach above the $150.00 value would increase the buying pressure on the cryptocurrency, thereby obtaining a higher footing to rise higher.
Adding to that, further upside seems almost inevitable with the price trending upwards on the daily stochastic. As a result, buyers are projected to swing up the price action and may soon reach the $160.00 upper resistance level in the longer term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant is enthusiastic about its medium-term forecast. The coin is ready to swing up and a breakout is imminent as the bulls are trying not to fall this time. Furthermore, coin prices are trading at a resistance close to the EMA-50, indicating a bearish trend. So it seems likely that the bulls are about to take over and swing up the crypto price.
Despite the short traders’ activities, the bulls pushed the price of QNTUSD to a high of $72.37 below the EMA line immediately after the 4-hourly chart opened today. As a result, buyers must exert additional pressure on the market to swing up and break out beyond the current price level to the $90.63 high mark to intensify the buying pressure on the token.
Hence, the pair pointing up on the daily stochastic means that the crypto price may swing up and a breakout is imminent. In this case, a possible recovery of the $160.00 supply level in the coming days might be the target in the medium-term perspective.
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