Quant Price Forecast: February 3
QNTUSD is now set for the next big bounce and a swift increase is expected to follow soon. As a result, a bullish crossover above the high point of $153.83 will motivate buyers to hold onto their investments for a longer correction. This might reach a high at the $160.00 upper supply trend line, leading to sustainable growth shortly.
Key Levels:
Resistance Levels: $120.00, $121.00, $122.00
Support Levels: $106.00, $105.00, $104.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD is attempting the next big bounce in its higher time frame. The chart indicates a downward trend with a bearish sentiment as prices can be seen below the supply levels. However, the current trend will soon be nullified as the coin buyers have just resumed the next big bounce.
The sustained bearish pressure at the $101.63 support value during yesterday’s session has made the crypto price drop below the supply levels in its recent price level.
At the time of writing the article today, the Quant price made a pullback to a $103.52 high mark below the EMA-50 with an intraday gain. Such lower price rejection indicates buyers are defending at this level and attempting the next big bounce to push the price higher.
Hence, an increase in buying pressure is likely to plunge the coin prices higher and retest the high accumulation zone of $153.83 level, bringing a longer recovery sentiment to the coin market and the best crypto signals to the coin traders.
Additionally, the daily signal also indicates that Quant is in an attempt for the next big bounce by pointing upwards. Therefore, we can probably expect the coin to continue to gain strength and reach an upper resistance level of $160.00 in the upcoming days in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H Chart)
QNTUSD rebounded after its downside moves. The coin is now finding its way to the resistance level in its medium-term time frame. The market shows that the price is attempting the next big bounce.
The sustained bearish pressure at the $101.63 support value during the previous session has made the crypto price drop below the supply levels in its recent price level.
At the time of writing this article, after completing the low-dips at the $101.63 low value, the coin price found a reliable resistance at the $103.36 value as a pullback below the moving averages as the 4-hourly session resumes today.
Therefore, a significant advance by the bulls above the $135.25 supply level would provide the coin price with significant resistance.
In addition, while attempting the big bounce, the momentum indicator shows that the price of QNTUSD will still bounce up, so we expect the price distribution to reach the $160.00 supply level and beyond in the coming days in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply