Quant Price Forecast: February 5
QNTUSD at the moment is trying hard not to fall by resisting the sellers. The coin price remains pressured above the $102.90 high value due to the returns of the buy traders in the market. If the bulls’ pressure breaks up the resistance level of $153.78, the coin price may increase further to a $160.00 high trend line, which will be a turnaround for the coin holders and the best crypto signal for the top gainers.
Key Levels:
Resistance Levels: $108.00, $109.00, $110.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily chart)
The price of Quant remains pressured above the $102.90 high value while it is currently trading in a bearish zone in its long-term view. The pressure from sellers adds to the bearish impact on the market in its recent price level.
However, the bulls override this and move the coin price up to the $104.84 resistance level slightly below the EMA-50 as the daily chart opens today. Thus, the bullish correction at a $104.84 high value returns the buy investors to the market for the next increase race.
Further, the QNTUSD price is about to experience a bullish trend pattern as the market is below the 10% range of the daily stochastic. So, the price could be ready very soon for another jump. In this case, a significant level above the $153.78 supply level might be tested soon as it remains pressured above the $102.90 level in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD’s price is bearish and remains pressured above the $102.90 high value in the medium-term perspective. The price bars are below the moving averages, meaning the pair is in a bearish market zone.
The pressure from the bears at the $102.26 support value in the previous action has dropped the coin below the trend line in its recent price level.
The bulls caused a rise to the $103.87 high level below the EMA-50 as the 4-hourly chart opens today. This indicates that the traders are actively buying at this level and this may likely boost the recovery pattern as it remains pressured by the bulls above the $102.90 level.
However, there is a possibility of a further increase in the price of the Quant, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at $160.00 at the upside might be reached in the latter days in its medium-term time frame.
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