Quant Price Forecast: February 21
The QNTUSD pair is positive and also ready for another pump ahead as it is on its way to new resistance trend levels. The coin is possibly making its way up after hitting the $137.81 low level to signal a pump. Thus, a strong push from the current price at the $141.09 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to the $400.000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $130.00, $129.00, $127.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant looks bullish on the daily chart. The market price is in favor of the buy traders at the moment also, the price bar can be sighted above the two EMAs. This implies an uptrend and a bullish market which connotes a buy signal as well.
The high order flow from the bulls at the $143.22 high value in the past few days has also added to this bullishness in its recent high.
The coin price finds resistance at the $141.09 value slightly above the two EMAs as the daily session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at the present.
The ongoing bullish recovery will remain intact until the coin price sustains far above the pattern’s supply trend line.
Meanwhile, further upsides are likely as the price signal is pointing upward, this means that the upward rally will still continue and may likely break up the $227.00 high mark which might possibly hit the $400.00 upper supply value in the coming days in the long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Preparing for other Pumps Ahead
The QNTUSD pair is having a bullish posture in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.
Activities from the bulls to the $142.04 resistance value in the previous activities have sustained the crypto’s bullishness in recent times.
The aggressive move by the bulls pushed the Quant price up to the $140.61 resistance value above the moving average lines as the 4-hourly chart opens today. This suggests that buyers are having the market price at their disposal at the moment and may likely remain in the same direction.
Hence, we have a bullish bias that the coin price will pump ahead as indicated by the daily signal which is pointing in an upward direction. Currently, the crypto is making a correction, if the buying pressure should increase, there may be a potential rise in the coin price and this may possibly retest the previous high at the $227.00 supply level which might further extend the coin price to the $400.00 high trend levels in the coming days in its medium-term outlook.
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