Quant Price Forecast: August 19
The QNTUSD price is setting up for a surge at $63.36 supply, attempting to reclaim the $150.00 resistance for extended correction. The coin may increase further, provided buyers don’t give up and accelerate their momentum pressure in the market. Should buyers break up the pattern’s resistance trend line at the $150.00 high value, a possible relief rally may drive the coin market price to reach the $160.00 upper resistance mark and beyond, indicating investors’ increased activity.
Key Levels:
Resistance Levels: $63.00, $64.00, $65.00
Support Levels: $50.00, $49.00, $48.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is setting up for a surge as usual after updating the lows in the higher time frame. The coin price is below the resistance level, indicating a bearish sentiment. However, the trend is about to change, as the bulls are currently setting up for a surge to further swing up the coin price to the upper resistance zone.
Actions from the short traders at a $61.47 low value in the past few days have dropped the Quant price beneath the supply trend lines in its recent high.
The market value of QNTUSD retraced from the mentioned support and spiked up to the $63.36 high level below the EMA-50 as the daily session begins today, indicating that the coin buyers are setting up for a surge to swing up the price action of the coin.
Thus, an additional effort by the coin buyers could break above the $150.00 resistance point, triggering a rise to the upper channel.
Notably, the daily signal remains in an uptrend, indicating the Quant market is setting up for a surge. Therefore, if the support level holds, the crypto price may surge higher to hit the $160.00 upper resistance level in the coming days with a potential 20% growth in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
The currency pair is setting up for a surge in its medium-term outlook. The price is trending below the supply levels, indicating a bearish trend due to the high influence of the sell traders. 
Meanwhile, the bearish correction will soon be hibernated as the bulls are setting up for a surge to take us higher to the upper resistance area.
The sustained bearish pressure at the $62.44 support value during the previous session has made the QNTUSD price drop below the supply levels in its recent price level.
At the press time today, the Quant price surged to a reliable resistance at the $63.16 value below the moving average to resume the 4-hourly session, suggesting the bulls are setting up for a surge and this may continue.
Thus, a strong break up above the $75.05 previous resistance point would strengthen the bullish pressure, indicating increased investor activity.
Similarly, the Quant price may likely continue its journey up north as indicated by the daily stochastic pointing up, suggesting that the bulls are setting up for a surge. Hence, the upcoming bullish correction phase might reach a high at the $160.00 value soon in its medium-term time frame.
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