Quant Price Forecast: February 28
The QNTUSD price is set for an upswing as buyers reclaim the crucial supply at the $107.92 level, offering investors an opportunity to invest more in the crypto. The coin price may skyrocket, provided buyers don’t give up and increase their momentum pressure in the market. In case buyers manage to break up the pattern’s resistance trend line at the $153.83 high value, a possible relief rally may drive the coin market price to the $160.00 resistance mark and beyond, bolstering the coin’s growth potential.
Key Levels:
Resistance Levels: $105.00, $106.00, $107.00
Support Levels: $90.00, $89.00, $88.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is set for an upswing in its long-term outlook as can be seen from the chart below. The coin price is below the moving average which indicates a bearish trend. Meanwhile, it also shows the impeding next big move in the price.
The drop in the coin price to the $102.85 low value in the past few days has made the Quant price remain below the moving average in its recent price level.
The QNTUSD price sets for an upswing and pushed higher to the $107.92 supply level below the EMA-50 as the daily chart opens today. This indicates a genuine upswing that may attempt the $153.83 crucial supply breakout, suggesting the best crypto signal for coin traders.
In a like manner, the QNTUSD price which is set for an upswing may continue in that trend as indicated by the daily stochastic pointing in an upward direction, the bulls could therefore aim at the psychological level of $160.00 resistance value in the days ahead as Quant price set for an upswing to reclaim new supply levels in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
The currency pair is also set for an upswing with its prices trading above the supply levels in its medium-term outlook.
QNTUSD is possibly making its way up after hitting the $107.25 level to overcome support to signal a pump-up. It looks like the price will want to bounce up again in the medium term.
The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
Today, the bulls having set for an upswing caused a rise to a $107.87 high level above the moving averages to resume its uptrend. From the look of things, it seems it will keep growing.
Thus, closing the 4-hourly session above the $115.00 high mark will put the trade more on the buy side, adding more buyers to the coin market.
In addition to this, the Quant price is set for an upswing by pointing upward on the daily stochastic, indicating an upward move. We therefore expect a breakup of $115.00 and growth of the price to resistance of $160.00 value in the nearby days in its medium-term time frame.
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