Quant (QNTUSD) Price Is Set to Face High Buying Pressure

Quant Price Forecast: February 20
Quant (QNTUSD) price is set to face high buying pressure as the coin is now recovering steadily in an ascending channel. In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break up the resistance level at $235.000 and this may increase the Quant price to a $450.000 upper high trend line.

Key Levels:
Resistance Levels: $220.000, $230.000, $240.000
Support Levels: $120.000, $110.000 $100.000

QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is due to the high impact of the buy investors. The price bar can be seen above the moving average lines. Thus, the bulls are capable of pushing higher from this trend line.

An increase to the $149.000 supply mark by the bulls in the previous action has sustained the bullish momentum.

Today, pressure from the bears dropped the coin price down to the $142.359 support level above the two EMAs, an indication of an uptrend.

Hence, there is a possibility for the coin price to pull back at the current support to invalidate the bearish theory. Meanwhile, the current price at a $142.359 low value above the supply trend lines has not stale the market condition of the crypto.

Thus, the Quant price is in an upward direction on the daily stochastic, therefore, if the bulls regroup and push higher, the coin price may likely reverse and face the positive side. If this is achieved, a steady rise in the coin price to a $400.000 high value might be reached in its long-term outlook.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Price Is Set to Rise Further
The QNTUSD pair remains in the bullish market zone in its medium-term view. The market price staying above the resistance trend line confirms its bullishness and the high impact of the bulls.

The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.

Despite the interruptions from the short traders, buyers successfully pushed the coin price up to the $142.359 supply value above the supply trend levels as the 4-hourly chart opens today. This is an indication that the coin is actually traded by the buy investors; this also connotes more intraday gains for the bulls.

Further, continuation to the north is likely as the bulls are seen clustering around the coin market at the present. So we can expect a steady increase in the price of Quant to reach the $400.000 resistance level as the journey up north continues in its medium-term outlook.

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