Quant Price Forecast: August 26
The Quant (QNTUSD) price is facing a new correction and will keep rising to resume its recovery rally. A possible breakout from the current resistance will offer a higher footing for prices to bolster further price rally. The coin might continue and remain in the same trend to break up the $143.22 previous supply level soon which would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to $400.00 might be the next target, resulting in greater profits for the coin traders.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $98.00, $96.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and trades above the EMA-9. This is an indication of an uptrend.
The bullish reversal at the $100.17 high value on the 22nd of August has sustained the crypto above the trend line in its recent high.
After completing the low-dips at the $100.07 low value during yesterday’s session, the coin price found a reliable resistance today at the $100.65 supply value as a pullback above the EMA-9 as the daily session resumes. This indicates an upward momentum in the price of Quant as it journeys up north.
Further, with sustained buying and a bullish candle closing above the $143.22 previous high point, a better confirmation of a potential uptrend will be achieved.
Next, the momentum indicator pointing upwards suggests that the price of Quant will keep rising and the next target might be a 400.00 supply value in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The coin is trading above the level of $100.56 resistance on the medium-term outlook, this means that it is in an uptrend. The market is presently seen progressing upward and facing the upper resistance at the recent high. 
The market price of QNTUSD has just broken up the two EMAs which are glued together at the $100.65 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.
A breakout above the $114.17 barrier, with a 4-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the overhead resistance and remain bullish.
Additionally, the Quant market is pointing upward on the daily stochastic, this implies that the crypto price will keep rising.
It is therefore expected of buyers to push the coin price up, as a result, the next price target might be the $ 400.00 supply level and beyond as we cross our fingers and watch out for BUY soon in its medium-term time frame.
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