Quant Price Forecast: February 10
The Quant market at the moment is witnessing an increase in pressure from the bulls. In case the bulls should defend the selling pressure at the $103.04 support level, an increase in the bulls’ momentum may break up the supply mark at $155.57 and this may increase the Quant price to a $160.00 upper high trend line, which indeed will be a turnaround for the coin holders. Thus, a good crypto signal may be recorded by the coin traders.
Key Levels:
Resistance Levels: $104.00, $105.00, $106.00
Support Levels: $99.00, $98.00, $97.00
QNTUSD Long-term Trend: Bearish (Daily chart)
QNTUSD remains bearish on the higher time frames. This is clear as we can see the prices trading below the EMA-50. Buyers are now involved and may break up the $155.57 supply mark soon to invalidate the bearish trend.
The bearish pressure at the $103.04 support level during yesterday’s session has made the coin stay below the supply trend levels in recent times.
Today, the Quant price finds reliable resistance at around the $106.71 level as a pullback below the EMA-50, resulting in intraday gains. If the Quant buyers could add more strength to their buying forces, it is likely to break up the $155.57 supply zone.
Adding to this, the price of QNTUSD may break the previous high at $155.57 level as shown by the daily signal which is pointing upwards. This means that there is a possibility of a further increase in the coin price, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $160.00 supply level might be reached soon in its medium-term time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to break up the $155.57 Supply Mark Soon
Due to the inflow from long-term traders, the QNTUSD price is now in a bullish trend in its medium-term perspective. This may break up the $155.57 supply mark soon as the coin market is facing high pressure from the bulls at the moment.
However, the previous action at the $105.69 high level in the past session has sustained the coin price to remain above the trend line in its recent high.
The current price of Quant at the $106.71 supply level which is above the EMA-50 as the 4-hour chart begins today suggests that the bulls remain dominant in the market.
This will give the buy traders the motive to influence the price tendency and this may break up the $155.57 supply mark which could bolster the recovery pattern for better and higher gains.
Additionally, pointing upwards on the daily price projector shows a high possibility for the price increase. Then, there is a high probability of the coin price breaking up at its recent swing high, which is $155.57; this may increase to the $160.00 supply mark in the coming days in the medium-term outlook.
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