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Quant Price Forecast: July 30
The Quant Price forecast is that the market builds on its breakout from the triangle formation. A current retracement is expected to help it violate the $117.60 resistance.
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
Quant has experienced a significant breakout following several weeks of market consolidation within a triangle pattern. The recent consolidation phase in the market was fueled by bullish attempts to achieve a reversal. While the $117.60 resistance level remains untested after the initial breakout, a retest of the $107.40 key level is expected to catalyze the coin to surpass the resistance level.
Quant Price Forecast: QNT/USD Outlook
Quant’s significant breakout has finally occurred after several weeks of consolidation within a triangle pattern. The bulls’ efforts to complete the market’s reversal led to this pivotal moment.
While the $117.60 resistance level has not been tested, a retest of the $107.40 key level is anticipated to propel the coin beyond the resistance barrier.
Notably, momentum has experienced a substantial surge, resulting in a positive value, as indicated by the Momentum indicator on the daily chart.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
Furthermore, the Moving Average (MA) Cross has moved upward and is expected to continue rising, if the price rebounds from the $107.40 key level as predicted. Upon closer observation of the 4-hour chart, the pullback to the $107.40 key level has influenced a downturn in momentum.
Nevertheless, as the price approaches this level, the MA Cross endeavours to act as a supportive level, aiding the market’s reversal. Once the reversal completes, market participants can anticipate that a violation of the $117.60 resistance level will signal further positive price movement, potentially paving the way for new milestones in the coin’s trajectory.
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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