Quant Price Forecast: February 22
QNTUSD remains bullish and seems stable at present as it approaches the $235.000 supply value. The coin is very likely to continue growing as we are seeing a bullish correction in place. Thus, if the crypto’s price sustains above the $192.689 high level, the potential rally could surge higher to hit the $235.000 supply value which might further extend to the $350.000 upper resistance level and beyond.
Key Levels:
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $120.000, $119.000, $118.000
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD rebounded after its massive drops. The coin is now in the bullish market trend in its long-term outlook. The market shows that the price may now be trading in a new ascending channel.
The price drop to the $143.184 low value during yesterday’s session has not really affected the currency pair.
The Quant price has moved up to a $142.006 high level above the moving average lines as a pullback from buyers as the daily chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance level of around $235.000.
Also, the momentum indicator which is pointing up indicates that the price of QNTUSD is in an uptrend and may possibly remain in that direction to hit the $350.000 upper supply level and beyond soon in the higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Approaching the $235.000 Supply Value
QNTUSD remains bullish on the medium-term time frames. This is clear as we can see price continues to make higher highs and higher lows.
The high influence from the buy investors in the past few hours has made it possible for the Quant market to retain its bullish strength.
The bulls made a corrective rally up to a $142.006 high level above the moving averages shortly after the 4-hourly session opened today. This shows the high commitment on the part of the coin buyers.
Further, the QNTTUSD price is pointing up indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach the $235.000 resistance level to hit the $350.000 upper high value in the coming days in its medium-term outlook.
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