Quant Price Forecast: July 2
The Quant price forecast is for the market to rise to the $117.60 resistance level, where the bulls will further attempt to violate the level.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $117.60, $149.60, $167.10
Zones of Demand: $96.90, $87.60, $75.50
The Quant market is in a phase of price direction change. The coin has been severely bearish since the beginning of the year. Then the price hit the $96.90 demand level towards the end of May, where the coin immediately snapped out of the bearish regime. The buyers are now actively trying to shake off every pressure to return to $149.60.
Quant Price Forecast: QNT/USD Outlook
The coin has been sliding down through a parallel channel since the beginning of the year from the $149.60 key level. This continued through several key levels until the price reached $96.90.
At $96.90, the buyers leveraged the strength of the support to attack the market again, thereby sending the price spiraling upward out of the channel.
The coin has not received enough bullish momentum to begin a run, and it drops back but is yet on another rise. The Momentum indicator is increasing by undulating in an upward direction.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Currently, on the daily chart, the MA Cross (Moving Average) lines have crossed upward, confirming a bullish trend is on the cards. This is also the same for the 4-hour timeframe.
The Momentum indicator is more of a lateral movement on the 4-hour chart; there is even a bit of a drop, but the market trajectory is set to keep increasing in prices and momentum. The goal is to break $117.60.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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