Quant Price Forecast: February 18
The QNTUSD pair goes bullish again and remains a buy signal for the coin holders. The coin might continue in that direction if the bulls could add more effort and the price closes above the $227.00 previous supply level, the coin might further extend to a $300.00 upper resistance value and beyond.
Key Levels:
Resistance Levels: $235.20, $235.30, $235.40
Support Levels: $125.000, $124.000, $123.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the inflows from the sell traders at the time of writing, QNTUSD is trading in an uptrend in its higher time frame making higher highs and moving toward its major resistance.
The sustained bullish pressure pushed the currency pair up to the $146.37 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain firm in an uptrend.
The interference from sellers now dropped the price down to a low of $143.26 value above the two EMAs; this means that the price of Quant is still at the disposal of the buy investors. Staying above the moving averages makes the bulls capable of influencing the price tendency.
In addition, the coin market may likely continue in the same trend as the bulls are clustered around the market which is in the overbought region. We can therefore expect the crypto to hit a high at the $300.00 level soon as we watch the bulls dictating the market in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Goes Bullish Again
QNTUSD is showing a more bullish impact in its medium-term time frame. The bulls have the market at their disposal at the moment. However, a high retest to the breached $143.46 supply level suggests strength in bullish momentum.
Buyers made an aggressive move up to the $145.80 resistance level above the two EMAs shortly after the 4-hourly chart opened today. This shows the high impact of the bulls on the crypto as the market remains in an upward trend zone.
Thus, trading above the moving averages will enable the market value of Quant to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $300.00 upper resistance level might be reached soon in its medium-term perspective.
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