Quant Price Forecast: QNTUSD Remains Under Pressure As Buyers Battle Back

Quant Price Forecast: August 5th

Quant price forecast shows that bears are still gaining ground as buyers fight back.

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

Support Levels: $90.600, $81.620
Resistance Levels: $68.260, $58.740
The Quant market has been a battleground for buyers and sellers, with sellers facing rejection as buyers build strength. The sell traders have been cut short in their attempt to dump the price down to the $50.000 key level, which has proven to be crucial support for the cryptocurrency.

Quant Price Forecast: QNTUSD Outlook

The recent price action this week has showcased a sharp display of liquidity purge, with buyers currently picking up pace to fight back. Earlier, starting in July, buyers had a rough start, only to push the price up to the $81.620 key level. However, sellers eventually stepped in, managing to break through the $68.260 significant level. August also started with a bearish drift as sellers gained more ground, ultimately breaching the $58.740 key level.

The Stochastic Oscillator has reached the oversold area, suggesting that buyers are already putting up a defense, hoping to reverse the market’s direction. The Parabolic SAR (Stop and Reverse) is currently pointing lower, indicating a bearish bias in the market.

Despite the bearish signals, buyers are not idle as they attempt to regain control and potentially reverse the downward trend. However, sell traders are still lingering, aiming to push the price lower.

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

The Quant market in the short time frame has been a battleground, with buyers and sellers vying for control. The $0.4850 support level is a critical level to watch. A breakdown below this level could intensify selling pressure and lead to further declines.
The Moving Average crossing and the Parabolic SAR (Stop and Reverse) indicator are still pulling lower. In the short time frame, buyers are slowing the bearish sentiment in the market. Utilizing crypto signals can provide traders with timely insights to navigate these market dynamics and make informed decisions.

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