Quant Price Forecast: February 8
QNTUSD is heading towards the $227.00 supply level as the coin price faces a new correction to resume its upward rally. A possible breakout from this resistance will offer a higher footing for prices to bolster further price rallies. The flight from the mentioned supply value could push higher prices to hit the $400.00 supply level.
Key Levels:
Resistance Levels: $230.20, $230.30, $230.40
Support Levels: $130.00, $129.00, $128.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the EMA-50 with its wick touching the EMA-9. This is an indication of an uptrend.
The bullish reversal at the $146.84 high value in the previous action has sustained the crypto above the trend line.
The bulls increase their pressure and move the crypto market price up to a $141.65 high level as the daily chart opens today. This makes it possible for the coin to remain positive and good for a BUY position.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and the target might be the $400.00 resistance level soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The Quant’s price is losing bearish momentum in its medium-term outlook as it rises above the $138.39 resistance level. The currency pair’s orientation trades in a general bullish flow. 
If the price sustains above the $159.69 supply level, we can expect a good upside to moving up to its previous swing high of $163.14, and then we can buy there as well.
In a like manner, the momentum indicator which is pointing up also indicates that the price action of QNTUSD will remain on the upside and a $400.00 high level might be the target in the days ahead in its medium-term perspective.
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