Quant Price Forecast: February 11
The Quant (QNTUSD) price at the moment is currently recovering and showing positive signs above the supply line. There is a possibility for the bulls to push the price of Quant (QNTUSD) higher from the current supply at $143.184 if all the support levels hold and the buy traders could exert more force into the market.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $118.000, $117.000, $116.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair portrays a bullish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently above the EMA-50.
The bulls were able to push the cryptocurrency up to the $143.019 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance.
The coin price on the daily chart today is currently facing resistance and trading at the $143.184 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition to that, if buyers continue to hold this momentum, the price may break up the previous swing high at the $235.000 resistance value which might further extend the price of Quant to the $400.000 upper high value in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
The coin is in a bullish movement zone in its short-term outlook. This is due to the high inflow from the buy traders. The price bars can be seen trading above the EMA-9, this means that the coin is in a bullish trend zone.
However, the previous action at the $143.186 high level during yesterday’s session has really sustained the coin price to remain above the trend line.
The price drop to the $140.093 low value above the EMA-9 as the 4-hourly chart opens today has not really affected the currency pair. Thus, buyers need to add more pressure to their activities to move the market above the supply trend levels.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $235.000 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $400.000 high mark in the days ahead in its medium-term time frame.
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