Quant Price Forecast: August 5
Today, the QNTUSD pair witnessed a notable correction. The crypto reverses as the price starts to increase, with emerging reversal patterns and growth following the pioneer digital asset Bitcoin. The crypto is increasing after hitting the $63.42 low level to signal a pump. The cryptocurrency will therefore enter a bullish trend if it makes a significant push from its current price at the $67.26 supply value above the supply trend levels. This push might extend to the $150.00 resistance level, resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $80.00, $90.00, $100.00
Support Levels: $65.00, $55.00, $45.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant pair shows strength as it reverses and starts to increase below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, confirming its bearish trend. 
The sustained bearish pressure at the $66.17 support value in the last session has made the Quant price drop below the supply levels in its recent low.
At the time of writing, the QNTUSD price reverses and starts to increase at the $67.26 high value below the EMA-50 as the daily chart opens today, demonstrating remarkable resilience in a correcting market.
Hence, a breakout from the $67.26 current support to hit the $150.00 previous barrier level could attract momentum buyers to potentially propel the price toward the $160.00 peak level.
Additionally, the daily stochastic remains in an upward direction in the oversold region. Hence, if the QNTUSD buyers manage to break above the $150.00 previous supply trend line, the market participants may witness a new recovery rally to the $160.00 upper high mark in the coming days as the price reverses and starts to increase in its long term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
The QNTUSD price bar is seen below the moving averages as it reverses and starts to increase in its medium-term outlook.
The intervention from the buy traders at the $66.83 high value in the previous action has made the coin price reverse and start to increase below the supply trend line in its recent high.
The market value of QNTUSD reverses and starts to increase to the $67.26 resistance level below the moving averages shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
Furthermore, the daily stochastic moving upward indicates that there is more upside potential in the Quant market; we may anticipate further gains and strength from the coin.
The coin price may surge high to reach the $160.00 upper high mark in the next few days as it reverses and starts to increase in its medium-term outlook.
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