Quant Price Forecast: September 4
The QNTUSD price may proceed higher, as it resumes its bullish momentum for a sustainable upward correction. The coin is rising against downward forces. If all support levels hold and resistance breaks out of the $148.78 level, we can see a further change in the price to retest the $150.00 high value, resulting in an intraday gain for buyers.
Key Levels:
Resistance Levels: $85.00, $90.00, $95.00
Support Levels: $59.00, $58.00, $57.00
QNTUSD Long-term Trend: Bearish (Daily chart)
On the daily chart, the Quant price may proceed higher as it begins its bullish correction to the resistance levels. The coin price is trading below the EMA-50, suggesting a bearish momentum.
The crypto price has fallen below the supply trend lines due to the bears’ pressure, which brought it to a low of $60.40 during yesterday’s session. However, coin prices may proceed higher as the bulls take control and drive us upward.
Today, the Quant price proceeded higher to the $62.78 resistance level below the moving average as the daily chart opens, suggesting the crypto is under buying pressure and may proceed higher.
Meanwhile, the upward trajectory could continue if the bulls exert more tension in the buying stuff and break up the $148.78 level, further selling action may remain unmoved.
Additionally, the daily stochastic suggests an uptrend, indicating that the QNTUSD price may proceed higher, hitting the $150.00 resistance trend line or higher in the long-term forecast.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Proceeding Higher
The Quant market may proceed higher, as seen from the chart below, indicating a bearish trend. The sustained bearish pressure on the currency pair at the $60.40 supply level in the last few hours has made the coin remain below the resistance levels in its recent high. Meanwhile, the crypto price may proceed higher as the bulls take their stand to lead.
QNTUSD’s price on the 4-hourly chart today is currently facing resistance and trading at the $62.46 correction level, below the EMA-50, indicating speculative trading activities aiming at a higher recovery.
Therefore, if the bulls should increase their tension in the market, the price tendency will proceed higher above the key resistance level.
Notably, the market is trending upward, as shown by the daily stochastic, implying that the market value of the QNTUSD may proceed higher. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $150.00 supply value in the next days in its medium-term perspective.
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