QNTUSD Price Forecast: Quant Buyers Aim to Continue Winning Streak Above $69,430 Level

QNTUSD Price Forecast – August 12th

The QNTUSD price forecast suggests that buyers are preparing to regain control and break through the crucial $69,430 key level.

QNTUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels

Resistance Levels: $81.440, $85.000
Support Levels: $57.890, $49.960
Quant buyers are seeking to strengthen their position after losing momentum around the $69,430 key level. The bulls had built confidence throughout the previous week but were ultimately held back below this critical level.

Quant Long Term Trend: QNTUSD Outlook

The bullish momentum was halted, preventing further advancement. Over the past month, QNTUSD has experienced a significant decline, though buyers have managed to maintain some presence in the market. This week, the buyers are reenergized and aim to breach the $69,430 significant level.

As the Quant crypto approach major key levels for expansion, sellers are also trying to push the market lower. This sets the stage for a potential tug of war, with buyers determined to exert more influence in the market.

The Momentum indicator is rising as the new week begins, and once the RSI (Relative Strength Index) confirms this upward movement, buyers are likely to break through. A successful breakout at this key level would give the buyers a strong foundation to continue their advance.

QNTUSD Medium Term Trend: Bullish (4-Hour Chart)

In the short-term timeframe, bullish momentum is also increasing, with the RSI now in the mid-range. Buyers can only hope for more volatility in price action.
A significant rise in the Momentum indicator could lead to a strong reversal. As a result, buyers are determined to continue their winning streak and breach the crucial $69,430 key level. Crypto signals suggest that traders should closely monitor this level for potential breakout opportunities.

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