Quant Price Forecast: QNTUSD Caught in Tug-of-War as Buyers Defend Critical Level

QNTUSD Price Forecast – July 29th

The QNTUSD price forecast shows a fierce battle between bulls and bears.

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

Resistance Zones: $81.620, $76.000
Support Zones: $68.220, $64.000
The crypto price has been fluctuating significantly, with the $71.370 level emerging as a crucial battleground. Last week, a determined bearish onslaught breached this formidable resistance, driving the price towards the $68.220 support zone. However, a resilient buying force staged a remarkable comeback, propelling QNTUSD to a high of $76.000.

QNTUSD Price Forecast – Quant Outlook

The Quant buying force played out before encountering renewed selling pressure that pushed the price back towards the $71.370 level. Currently, buyers are engaged in a defensive struggle to maintain their position, while sellers remain poised to capitalize on any weakness.

The Relative Strength Index (RSI) hovering below the midpoint indicates that bearish momentum is still prevalent. Furthermore, the Parabolic SAR (Stop and Reverse) indicator continues its downward trajectory, suggesting that the overall market trend remains tilted in favor of sellers.

For QNTUSD to embark on a sustained uptrend, buyers must decisively overcome the $71.370 resistance and demonstrate sustained buying pressure. Until then, the market is likely to remain volatile and susceptible to rapid price swings.

QNTUSD Medium Term Trend: Bullish (4-hour)

In the short term, the market has yet to push forward in any direction. Instead, the price of Quant is consolidating. The RSI has yet to indicate a clear direction, and the Parabolic SAR poses a threat only to the sell direction. Sellers are still assuming control.
For buyers to fight back, enough confidence needs to be seen from their side. Nevertheless, the tug of war is still likely to hold as the price trades above the $71.370 key level. Crypto signals can provide further insights for traders looking to navigate this volatile market.

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