Quant Price Forecast: February 2
QNTUSD price will keep pushing up as the coin at the moment is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $230.000, the coin price may increase further to a $400.00 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $200.30, $200.40, $200.50
Support Levels: $100.200, $100.100, $100.000
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the price flow, the long-term market of Quant shows a bullish race. As can be seen from the chart, bullish momentum is accumulating on the pair right now and the moving averages have already widened their gap, indicating that the bulls are regaining market strength.
The sustained bullish pressure in the past few days on the cryptocurrency has made the price remain strong above the supply trend levels in its recent high.
The bulls made a correction at the $141.10 mark which further rises to the $145.03 supply value above the EMA-50 approaching the overhead resistance as the daily chart opens today.
This indicates that the traders are investing in the coin at the moment. However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
In addition, further upsides are likely as indicated by the price signal pointing upward. This will compel the buy traders to cluster around the QNTUSD market to continue the bullish correction rally and this time around the bulls may likely hit the $400.00 upper resistance level soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Will Keep Rising Up
The currency pair is in a bearish market zone in the medium-term view as can be seen from the chart above. The price bar can be sighted slightly below the moving averages which confirms its bearishness.
The interference from the bears in the past few hours has dropped the price of Quant below the supply trend levels. However, the bulls are set to take us high as the crypto now trades in green.
The coin price finds reliable resistance at around the $144.09 supply mark below the two EMAs, resulting in intraday gains as the 4-hourly session resumes today. Therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
Similarly, the QNTUSD price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $400.00 supply trend line might be the target soon in its medium-term outlook
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