Quant (QNTUSD) to Rise above the $350.000 Supply Level

Quant Price Forecast: February 7
The Quant (QNTUSD) price will move higher and may likely rise above the $350.000 supply level as the market is oversold already. Should the bulls respond to the shift in the trend and increase their momentum, the resistance level at $350.000 and beyond may be reached.

Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $108.000, $107.000, $106.000

QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant price is in a bearish trend in its long-term outlook. Sellers were involved as the coin price was driven low to the $142.703 value during the previous action.

Today, the coin dropped to the $137.590 support level as the daily chart opens today as a result of a high bearish impact on the crypto. Thus, this will soon be invalidated as the selling pressure is exhausted already. Meanwhile, traders who buy the coin during the bearish market trend will also make profits.

In addition to that, the downside risk remained uncertain as the QNTUSD price now trades below the 10% range of the daily stochastic.

This means that the selling pressure is exhausted; this will now enable the emergence of the bulls with a possible reversal at the $137.590 support level. If this is achieved, the bullish correction pattern may push the coin price to the $350.000 supply level in the coming days in its long-term perspective.

QNTUSD Medium-term Trend: Bearish (4H chart)Quant (QNTUSD) to Rise above the $350.000 Supply Level
From here the price of Quant can be seen below the two EMAs in the medium-term outlook. This implies that the market is in a bearish mode.

The bearish pressure on the crypto at the $137.590 support value below the supply levels as the 4-hourly chart resumes today is a result of low bullish momentum. This will soon be ruled out as the selling pressure seems to be exhausted.

With this trend, traders can buy the crypto at a very lower price and can as well make more gains ahead and push the market forward.

However, there is a possibility of a further increase in the price of the crypto, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at $350.000 at the upside might be reached in the days ahead in its medium-term perspective.

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