Quant (QNTUSD) Price Recovery Next Target is the $450.000 Resistance Value

Quant Price Forecast: February 1
The Quant (QNTUSD) price recovery next target is the $450.000 resistance value as the pair is bound to face the positive side and gain more strength for another upward move potential soon. If the bulls could exchange hands with the bears and all the current support holds, the coin price might break up the $227.00 resistance trend line, which may likely extend to the $450.00 supply value and beyond.

Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $120.00, $119.00, $118.00

QNTUSD Long-term Trend: Bullish (Daily chart)
In the long-term outlook, the QNTUSD market still trades in a bullish trend. The sustained bullish pressure at the $153.54 supply level during yesterday’s session actually made it capable for the buy investors to retain the strength.

Today, the bears overrode the bullish trend and dropped the coin price down to the $142.18 support level above the EMA-50, this indicates an uptrend and the bulls still remain dominant in the market.

Hence, we have a bullish bias that the market value of QNTUSD will rise further to the upside if the buying pressure should increase.

If additional effort is being added by the buy traders, a possible breakout from the $142.18 low value by the bulls will provide a higher float for buyers and invalidate any further selling pressure. If this is achieved, the next recovery target could be the $450.00 resistance value in the days ahead in its long-term perspective.

QNTUSD Medium-term Trend: Bearish (4H chart)
Due to the interference from the sell traders, the momentum on the medium-term view is bearish. The price of QNTUSD can also be sighted below the supply trend lines. The previous action of the short traders at $144.75 has put the crypto’s price below the supply lines.

After completing the low-dips by the short traders, buy investors caused a rise to a $144.78 high level below the two EMAs as a pullback as the 4-hourly chart opens today. This affirms the high impact of the buy investors in the market attempting the next recovery phase.

If the bulls should increase their price action, and bullish momentum is sustained, the ongoing correction will be prolonged.

Similarly, further upsides are likely as the price signal is pointing upward in the oversold region of the price indicator, this means that the upward rally will still continue and may likely hit the $450.00 supply value soon in the medium-term outlook.

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