Quant Price Forecast: July 31
The Quant price resumes its bullish momentum in an attempt for the next upward rally. The coin is moving upward following a breakout from a falling wedge pattern, suggesting a bullish reversal. If all support levels hold and resistance breaks out of the $150.00 level, the bulls may drive the crypto price to as high as the $160.00 upper resistance level, signaling strong investors’ strength in the crypto.
Key Levels:
Resistance Levels: $80.00, $90.00, $100.00
Support Levels: $63.00, $62.00, $61.00
QNTUSD Long-term Trend: Bearish (Daily chart)
Amid the ongoing correction in the crypto market, QNTUSD resumes its bullish momentum to establish the gains ahead in its long-term view. The price is trading below the supply levels, suggesting a bearish trend.
The price of the Quant has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $113.73 during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward, as it resumes its bullish momentum.
The price responded to the shift in the market structure and is currently below the moving averages at the $72.40 resistance value as the daily chart opens today, to resume its bullish momentum.
Thus, if the crypto’s price could sustain above the $123.60 high level, the potential rally could surge higher to hit the $150.00 previous barrier, potentially supporting the bullish trend.
Additionally, the daily stochastic suggests an uptrend, indicating a bullish continuation to the upward, which will allow the bulls to continue the current rally and may soon result in the $160.00 resistance trend line in the upcoming days as the QNTUSD resumes its bullish momentum in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Resumes Its Bullish Momentum
The momentum in the medium term is starting to turn bullish as the Quant pair resumes its bullish momentum. The coin price is below the moving average line, indicating a bearish trend.
The sustained bearish pressure pushed the currency pair to as low as $71.75 level during the last session, which has made the coin price remain below the supply level in its recent high.
Despite the interactions from the short traders, the bulls caused a rise to a $72.40 high level below the EMA-50 shortly after the commencement of the 4-hourly chart opens today. Thus, buyers must add more pressure to their buying activities to move the market beyond the current price level, as it resumes its bullish momentum.
Also, the market is currently trending upward as shown by the daily stochastic, indicating that the bullish momentum may continue. As a result, it is anticipated that the bulls will swing the Quant price upward and may eventually hit the $160.00 supply value in the next few days in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply