Quant Price Forecast: August 12
The Quant price will rise further as it begins its bullish correction. The coin is in an attempt for the next upward rally. The coin is moving upward, and if all support levels hold and resistance breaks out of the $150.00 level, the coin price might swing to the $160.00 upper resistance level, resulting in an intraday gain for the coin holders.
Key Levels:
Resistance Levels: $70.00, $80.00, $90.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant price will rise further as it begins its bullish correction on the daily chart. The price is below the moving average, suggesting a bearish trend.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $58.91 in the past few days. Still, it now appears like the price will rise further as it begins its bullish correction to drive the coin market upward.
The QNTUSD price responded to the shift in the market structure as it began its bullish correction at the $70.00 resistance value below the moving averages as the daily chart opens today.
With strong buying pressure and positive market sentiment, the crypto has the potential to rise further to retest the $150.00 previous barrier as it begins its bullish correction, offering a vibrant resistance to the crypto price.
Additionally, the daily stochastic suggests an uptrend, indicating that the QNTUSD price will rise further as it begins its bullish correction which will allow the bulls to continue the current rally and may soon result in the $1600.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Begins Its Bullish Correction
The Quant market remains bullish as it begins its bullish correction on the medium-term outlook. This is clear as we can see the prices trading above the EMA-50, indicating a bullish correction.
The high order flow from the bulls to the $66.63 supply value in the past session also added to its bullishness in its recent high. Meanwhile, the QNTUSD price will rise further as the bulls remain dominant.
When writing, the Quant market shows that the price will rise further as the price action moves upward to a $70.00 high mark above the EMA-50 as the 4-hourly chart resumes, indicating that buyers are defending this level and attempting to push the price higher.
Hence, a strong push above the $81.23 supply level will offer strong resistance to the crypto price, attracting more buyers.
Also, the market is trending upward, as shown by the daily stochastic, indicating the price will rise further as it begins its bullish correction. In light of this, the bulls will swing the QNTUSD price upward and may eventually hit the $160.00 supply value in the upcoming days in its medium-term perspective.
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