Quant Market Prediction: QNTUSD Buyers Fortify Assault on $72.790 Resistance Amid Bearish Pressure

Quant Market Prediction – July 7th

The Quant market prediction shows that buyers remain focused on breaching the $72.790 key resistance level, despite the prevailing bearish sentiment in the crypto market.

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

Resistance Zones: $90.640, $81.670
Support Zones: $72.790, $66.950
The Quant coin has been at the core of a tug-of-war between buyers and sellers, with the former determined to break through the $72.790 key resistance level. The price saw a sharp fall toward the end of last week, with sell-side traders managing to push the price down to the $63.760 significant area. However, this move was met with strong buyer rejection, as the buyers swiftly recovered and propelled the price back up.

Quant Market Prediction: QNTUSD Anticipation

Bearish sentiment has been the dominant force in the crypto market since April. Furthermore, the Quant buyers have only managed to make progress at intermittent intervals.

Currently, buyers are building up pressure to break through the $72.790 key level, which has proven to be formidable resistance.

The Price Oscillator is close to signaling a rise above the origin level, which could be a positive sign for buyers. The Relative Volatility Index (RVI) is spreading forward, suggesting that buyers are preparing to face selling pressure.

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

On the shorter 4-hour chart, the market area is gradually being saturated with bearish pressure, and buyers are already facing resistance below the $72.790 significant zone. The Price Oscillator is climbing lower, and a decline is also being observed in the RVI indicator, further reinforcing the bearish sentiment.
Despite the prevailing challenges, Quant buyers remain steadfast in their pursuit of breaching the $72.790 resistance level. They are fortifying their assault, ensuring that they are well-prepared to confront the selling pressure that has been a persistent challenge in the crypto market. Utilizing crypto signals can provide further insights and strategies for navigating this volatile market environment.

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