Quant Market Prediction: QNTUSD Buyers Attempt Breakout at $80.000 Key Level

Quant Market Prediction – July 1st

The Quant market prediction shows buyers actively making a solid push, aiming to break out above the $80.000 key level.

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

Supply Zones: $110.000, $120.000
Demand Zones: $72.000, $81.000
This cryptocurrency has seen a bullish push by the buyers, who are making a strong effort at the start of the new month. It appears that the QNTUSD pair is on the verge of changing course, with buyers attempting to break out above the $80.000 key level. The buyers have been quick to respond after the sellers traded the price down to the $71.200 significant level.

Quant Market Prediction: QNTUSD Anticipation

The QNTUSD price has been on a downward trajectory since the first quarter of the year, with bears dominating for almost half the year. The buyers have only managed a few recovery attempts during this period. In June, the sell-side traders pushed the price below the $80.000 key area.

However, if the current reversal can rise above this key zone, it could open the door for more buyers to enter the market. The technical indicators support the buyers, with the Parabolic SAR (Stop and Reverse) indicator now signaling a reversal.

The Stochastic Oscillator is also racing upward, indicating that the buyers are solidifying their strength. Crypto signals providers closely monitor these indicators to provide timely insights for traders.

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

On the 4-hour chart, the QNTUSD pair continues its upward movement. As the buyers remain active, the Stochastic Oscillator and Parabolic SAR indicators suggest a potential breakout.
A breakout beyond the $80.000 significant level would be a significant breakthrough for the bulls, potentially paving the way for a sustained bullish trend. The buyers have shown their determination and willingness to regain control of the market.

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