Quant Price Forecast: July 10
The QNTUSD pair resumes its bullish momentum despite the bears’ activities, with robust trading volumes and investor interest. The coin has seen a significant gain of 2.15% over the past few hours following the market rebound. Hence, if all support levels hold and resistance breaks above $125.98, the price may rise extensively to retest the $150.00 high and reach as high as the $160.00 upper resistance level.
Key Levels:
Resistance Levels: $90.00, $100.00, $110.00
Support Levels: $67.00, $66.00, $65.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Quant has seen a significant gain, as it resumes its bullish momentum in a grand style with a bearish sentiment in its long-term view. Further, the price is trading below the EMA-50; which means that it’s in a bearish market zone at the moment.
The coin price has fallen below the supply trend lines due to the bears’ pressure, which brought it to a low of $69.03 during yesterday’s session. Still, it now appears like the bulls are set to take control and drive us upward as the crypto resumes its bullish momentum.
As of this writing, the QNTUSD price responded to the shift in the market structure and rebounded at the $72.61 supply level below the moving averages as the daily chart opens today, suggesting that the pair has resumed its bullish momentum, resulting in an intraday profit for the coin traders.
Thus, a breakout above the previous swing high of $150.00 would allow buyers to regain control and perhaps move the coin price toward the upper resistance level and attract more buyers.
Additionally, the daily stochastic suggests the continuation of its bullish momentum as it remains in an uptrend. As a result, the bullish momentum may rise as high as the $160.00 upper resistance level in the days as it resumes its bullish momentum in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Resumes Its Bullish Momentum
The Quant market resumes its bullish moment after updating the lows on the medium-term outlook. This is clear as we can see the prices moving towards the resistance, indicating a bearish trend.
The order flow by the sell traders to a $69.03 low value in the last session also contributed to the coin’s bearishness in its recent price level.
The cryptocurrency has completed its slump and is now poised to resume its bullishness. Shortly after the 4-hourly chart opened today, the buy traders boosted the Quant market price to the $72.61 resistance level, below the moving averages. Hence, a break above the $88.49 previous high mark will increase the buying pressure on the cryptocurrency.
Also, the market is currently trending upward, as shown by the daily stochastic. It indicates that the market value of the QNTUSD will continue its bullish momentum. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $160.00 supply value in the upcoming days as it resumes its bullish momentum in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply