Quant Price Forecast: February 25
The QNTUSD pair at the moment has the potential for a bullish rise as the crypto is on its way to the upper resistance trend lines by resisting sellers. In case the bulls’ pressure breaks up the resistance level of $199.500, the price may increase to a $400.000 high level and above.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $130.000, $129.000, $127.000 
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant market is having a bullish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. It seems that the bulls are about to take over and push us higher.
The coin has been having a series of high highs and high lows in the past few days and has sustained the price to remain in an uptrend in its recent high.
The bullish pressure moves the crypto’s price up to the $136.979 resistance level above the EMA-50 but below the EMA-9 as the daily chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the market value of QNTUSD will rise further to the upside if the buying pressure should increase. Currently, the price of Quant is making a correction there may be a potential for the price to retest the $235.000 resistance value soon.
In addition to that, the momentum indicator signaled an uptrend, which means that the price of Quant is in an uptrend, we, therefore, expect the price distribution to reach a $400.000 upper high level soon in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Potential for a Bullish Continuation
The QNTUSD pair is in a bullish momentum in its medium-term view. The bulls are now progressing upward in the medium-term time frame. The sustained bullish pressure at the $134.969 supply value in the past few hours has pushed the crypto price above the supply trend line in its recent high.
The formation of a bullish candle at the $136.979 resistance level above the EMA-9 as the 4-hourly chart opens today affirms the bullish presence in the market. The price bar which is above the EMA-9 makes it capable for the coin to rise further.
Meanwhile, the price of QNTUSD is pointing upwards on the daily stochastic around the level of 53%. This indicates that the price is in a bullish momentum and a buy signal. We can be sure that the price of Quant will soon get to a significant level of $400.000 in the resistance area as the market turns bullish as well in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply