Quant Price Forecast: August 14
The Quant (QNTUSD) price threatens the next jump as it is about time for the crypto to resume its recovery rally. The coin has decided to face the positive side, if all the current support holds and the buying crew should trigger their efforts and break up the $146.37 supply trend line, the bullish correction pattern may likely extend the coin price to hit the $350.00 high mark. Thus, a turnaround and clear buy signal for the coin holders.
Key Levels:
Resistance Levels: $120.00, $130.00, $140.00
Support Levels: $100.00, $99.00, $98.00 
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is in a bearish market zone in its long-term perspective. As an outcome of low bullish momentum, sellers are hindering the market from smashing through the resistance zones.
Further prices are traded below the supply levels indicating a bearish trend. However, crypto now threatens the next jump as the coin market has reached the oversold region.
The sustained pressure from sellers at a $100.66 low value during yesterday’s session has contributed to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the $112.43 supply mark, so there is a possibility for the coin price to pull back at the current support of $101.27 to invalidate the bearish theory.
Thus, the anticipated bullish reversal could kick start a new recovery cycle and may push the price of Quant above the $146.37 price level; this will weaken the bearish momentum.
Meanwhile, the market price of Quant now threatens the next jump and further downsides are unlikely as the coin price has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
In light of this, the price jump could hit the$350.00 resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Threatens to Rise Further
The QNTUSD pair is in the bullish market zone in its medium-term view. The market price staying above the EMA-9 confirms its bullishness and the high impact of the buying team.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in recent times.
The long-term buyers could not relent anyway, so, the price movement after dropping to a $101.48 low level shortly after today’s 4-hourly session opening, the price of Quant jump up to a $101.89 high value resulting in an intraday gain.
Hence, a possible breakout from the patterns resistance trend line at the $114.17 value will provide a long entry opportunity for traders.
Additionally, the coin price threatens to increase further as indicated by the stochastic oscillator pointing upwards; in this case, the next jump could reach the $350.00 upper resistance level in the days to come in its medium-term forecast.
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