Quant Price Forecast: QNTUSD Sellers Extend Bearish Drift

Quant Price Forecast – August 19th

The Quant Price Forecast indicates that bears continue to push prices lower with strong momentum.

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

Support Levels: $91.00, $80.00
Resistance Levels: $69.10, $58.00
The market remains under the control of sellers, with a persistent bearish drift driving prices toward the $58.00 key level. The QNTUSD coin is currently trading at $61.30, with sellers dominating the market since last week.

Quant Price Forecast: QNTUSD Outlook

Bears are opening more orders to drive prices lower, capitalizing on the strong selling pressure this month. After breaking through the $70.00 significant area, sellers expanded their influence, creating a surge of volatility that pushed prices down to the $50.00 area.

Quant buyers briefly intervened, lifting prices back to the $70.00 area. However, in the past two weeks, sellers have reasserted their control, maintaining the downward drift as they target a return to the $58.00 key level.

The Parabolic SAR (Stop and Reverse) indicator is rising in opposition to the bearish trend, suggesting potential for a reversal. However, the Moving Average Crossing indicator still favors sellers, reinforcing a bearish outlook.

Quant Medium Term Trend: Bearish (4-Hour Chart)

In the short term, Quant’s price continues to trend lower. Sellers plan to extend this drift as the downward trend remains strong.
On the 4-hour chart, both the Parabolic SAR and the Moving Average Crossing indicators give sellers an advantage. This suggests that with increased selling pressure, prices could fall back to the $58.00 significant zone, as highlighted by accurate crypto signals.

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