Quant (QNTUSD) Price to Increase to the $450.000 Resistance Level

Quant Price Forecast: February 10
There is a possibility for the Quant (QNTUSD) price to increase to the $450.000 resistance level. In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break up the resistance level at $235.000 and this may increase the Quant price to a $450.000 upper high trend line.

Key Levels:
Resistance Levels: $230.100, $230.200, $230.300
Support Levels: $130.300, $130.200, $130.100

QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading 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, on the daily chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $140.094 supply level above the EMA-50 as the bulls took to their stand to resume the bullish trend. Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction. A strong breakup above the $235.000 resistance point would strengthen the bullish pressure.

If the Quant price currently exchanges hands at the $129.901 support mark, and with sustained buying pressure, it is likely to retest the $235.000 supply zone.

Further, the coin price now approaches the oversold region, this suggests a shift in trend soon, and this forthcoming development may drive the crypto price to test the previous high at $235.000 and extend to the $450.000 upper resistance trend line in the day ahead in its higher time frame.

QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD to Increase to the $450.000 Resistance Level
Quant price is in a bullish market at the moment. Further, the coin is trading slightly above the moving average-50.

The bulls actually hit the resistance level of $140.094 above the EMA-50 as the 4-hourly chart resumes today. However, the buy traders could not relent, as they aim to drag the price further to a significant level.

However, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of QNTUSD to a high level at the upsides and the $450.000 supply trend line might be the target also in the future in its medium-term outlook.

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