Quant Price Forecast: February 3
QNTUSD‘s price may possibly resume an uptrend to break up the $235.000 supply level soon. A decisive break below $117.181 would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to the $450.000 high value will be achieved.
Key Levels:
Resistance Levels: $220.000, $230.000, $240.000
Support Levels: $150.000, $140.000, $130.000 
QNTUSD Long-term Trend: Bullish (Daily chart)
The Quant price is bullish on the higher time frame. The price bar is seen above the EMA-50, this is due to the high impact of the buy investors. The high order flow from the bulls during yesterday’s session also added to this bullishness. However, the bulls are now set to increase the trend.
Today, pressure from the bears dropped the coin price down to the $137.000 support level above the EMA-50 but below the EMA-9, an indication of an uptrend. Hence, there is a possibility for the coin price to pull back at the current support to invalidate the bearish theory.
With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels in the resistance area.
In a like manner, QNTUSD is likely going to reverse and face the upsides as the market is trading below the 20% range of the daily stochastic; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely break up the $235.000 supply level soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price to Break up the $235.000 Supply Value
The currency pair is bearish in its medium-term perspective. This is due to the bearish impact on the market.
The high order flow from the sell traders in the past few hours has led to the bearishness of the cryptocurrency.
Today, the buy traders made a correction at a $137.000 supply value below the moving averages to resume its uptrend. This indicates an established bull trend. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Also, further jumps are sure; the market has fallen to level 3% of the momentum indicator. It indicates that the QNTUSD pair is oversold and the selling pressure is exhausted. This will compel the buying pressure to resume fully and the new bullish pattern may likely break up the $235.000 previous high which might further extend to the $400.000 upper resistance mark in the coming days in its medium-term outlook.
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