Quant Price Forecast: February 4
The Quant market price is set to hit a $450.00 resistance value as the coin is facing the positive side at the moment. This may continue if the bulls could push higher and the current support value at the $137.69 level holds. The correction phase may possibly rise to hit the $450.00 high trend line.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $164.500, $164.400, $164.300
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the QNTUSD price flow, the long-term market shows a bullish race. The bulls could not stop investing in the coin, so the general sentiment regarding the coin is bullish.
The coin was able to reach a high of $151.38 level in the previous action which has enabled the price to stay above the supply levels in its recent high.
The bulls made a smooth run to a high at the $151.70 value above the moving average lines as the daily chart resumes today. This, however, reflects a high impact on the bullish commitment.
A breakout above the mentioned supply trend line will trigger this chart pattern and replenish the bullish momentum.
Furthermore, if Quant buyers could hold above the $227.00 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides to hit the $450.00 resistance value soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price to Hit a $450.00 Resistance Value
On the 4-hourly chart, we can see that the price of Quant has an uptrend and is traded in an uptrend channel. The pressure from the bulls in the past few hours has sustained the price of the crypto above the trend lines.
The bulls successfully pushed the coin market to a high from the $148.88 level to the $151.05 resistance mark above the two EMAs; this means that the bulls are dictating the market conditions at the present. Thus, a turnaround and a buy signal for the crypto holders.
Meanwhile, the price may likely rise further as the bulls are seen clustered around the market, the next target could be the $450.00 supply mark in the days ahead in its medium-term perspective.
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