Quant Price Forecast: February 26
Amid the current market uncertainty, the Quant price has set the baseline for an increase at the $104.34 current price level. This lower price rejection shows that buyers are actively buying the coin at the moment. However, the coin price may likely increase to the upside if all the support level holds and the bulls should put more aggression to their activities, the coin price may rally up to hit its previous high at $153.78 high level which could further expose the crypto price to a $160.00 upper high level.
Key Levels:
Resistance Levels: $112.00, $113.00, $114.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The QNTUSD pair is at the moment setting a baseline for an increase as it remains below the supply levels on its higher time frame. This is an indication of a downtrend.
The bearish pressure on the crypto at the $101.35 low value during the past session has made the coin price stay below the supply trend line in its recent price level.
As a result of price rejection today, buyers have been able to set the baseline for an increase and push the price of Quant higher to a $104.34 high level below the EMA-50 as the daily session opens today, increasing the likelihood of a bullish trend. More gains are possible if the bulls can put extra effort into the price action.
Notably, the momentum indicator pointing upwards at the oversold region suggests the continuation of the bullish trend. The price might swing up further to retest the $153.78 supply value which may lead the Quant price to reach the $160.00 upper high mark in the coming days as the coin set the baseline for an increase in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The currency pair is trading below the moving averages and also set a baseline for an increase by making a new correction below the supply levels.
This is an indication of a bearish market sentiment in its medium-term time frame. Thus the QNTUSD is correcting and will resume its bullishness soon.
The high bearish impact on the crypto at the $101.69 high level in the previous action has contributed to its bearishness in its recent high.
The bulls, having set the baseline for an increase in the market value of Quant made a jump to a $104.34 high value shortly after the commencement of the 4-hour session today, preparing for the next aggressive bullish rally.
A potential upsurge from this point could push the QNTUSD price by 10% to challenge the $113.45 previous swing high, resulting in the best crypto signal for the coin traders.
However, the bulls are now set to take the pair to a psychologically key level in the upside soon as the day goes by in its medium-term time frame as indicated by the daily stochastic which is pointing upwards. As a result, the $160.00 supply level might reach sooner as the coin sets the baseline for an increase in its medium-term perspective.
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