Quant Price Forecast: July 31
QNTUSD‘s price remains bullish and also looks good to buy for long investors at present. The coin price will most likely continue its bullish run and the price could still go higher if all the support holds in place and the bulls are able to break up the $163.14 value, then we can expect a good upside momentum up to $400.00 upper resistance level and beyond.
Key Levels:
Resistance Levels: $130.00, $140.00, $150.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant looks bullish on the daily chart. The market price is in favor of the buy traders at the moment; also, the price bar can be sighted above the two EMAs. This implies an uptrend and a bullish market which connotes a buy signal as well.
The bullish impact on the crypto during yesterday’s session has made the coin price capable of staying above the resistance level in its recent high.
Today, the buy investors made a rally upwards to a $105.97 resistance level above the two EMAs; this implies an uptrend and also shows a bullish impact on the coin. Thus, more upsides are possible as buyers are seen clustered around the market presently.
In addition, under the influence of this market level, the price of QNTUSD could rise steadily soon and break up the previous high of $163.14 level to reach the $400.00 resistance level in the coming days as we watch the crypto market turns strongly bullish in the long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Remains in an Upward Trend
Quant remains in a bullish trend in its medium-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the supply levels, this confirms a bullish trend.
The coin price found resistance at the $102.22 value above the moving averages in the previous session; this has made it capable for the coin to remain in a bullish trend zone in its recent high.
The bulls made an increase to the $105.99 supply value above the two EMAs shortly after the 4-hourly chart opens today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels to retest the $112.48 previous swing high soon.
Next, the QNTUSD price is also pointing upwards, this suggests that the coin price may likely continue in an upward direction and head toward the $400.00 supply trend line in the days ahead in its medium-term outlook.
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