From early July, QNT/USD began to trend up and the price rose from $59.2 and consequently, was valued at $103.9 by the 15th of July. Then from the 16th of August, strong selling pressure prevented the coin from a further rise in value. But the selling pressure could not overpower the bullish move. This made the market range for a very short while. However, the buying pressure began to weaken by the 13th of August. And by the 14th and 15th, the bears took over the market. However, by yesterday and today, we see that the bulls are trying to come back.
Quant Price Statistic Data:
- QNT/USD price now: $120.69
- QNT/USD market cap : $1,457,031,824
- QNT/USD circulating supply : 12,072,738 QNT
- QNT/USD total supply: 14,612,493 QNT
- QNT/USD coin market ranking: #44
Key Levels
- Resistance: $86.4330188, $107.44054824, 87.98913217
- Support: $112.88694474, $103.16123670 $87.9913217
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Quant Price Analysis: Can QNT/USD Resume the Uptrend?
In general, we can say that the market is trending up. The bears grew weak in the past few days allowing the bulls to take the market. But now, the bulls are also weakening and bears appear to be coming back.
Quant Price Analysis: Information From the Indicators
According to MACD, the market is in a downtrend. The histogram has crossed to the negative side with a difference of -1.43981384. The MACD line is trying to retrace an upward direction in a bid to change the trend to the upside. However, in the RSI, the indication of the signal line still points to a strong uptrend at 65.99%. The MACD line is also trying to retrace its upward direction after a very brief fall. By these indications, we can say that the uptrend may resume soon.
Quant Price Analysis: 4-hour Chart Point of View
The first trading session was bullish, but the second trading session was bearish. The third trading session has been taken over by bulls. There is still hope that the uptrend can resume soon. The price may soon reach up to $122.19922222
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Source: https://insidebitcoins.com/news/quant-daily-price-prediction-for-the-17th-of-august-qnt-usd-bulls-trying-to-regain-the-market