Quant Price Forecast: February 16
The QNTUSD price will keep growing and recovery is set to target the $400.000 high level as the pair is on its way to the upper resistance trend lines. Should the bulls regroup and push higher, a further bullish breakout from the $192.689 value will accelerate the new correction phase. The $400.000 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $112.200, $112.100, $112.000 
QNTUSD Long-term Trend: Bearish (Daily chart)
The Quant market is having a bearish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price as the bulls are set to push the crypto prices further up.
The bulls were able to push the cryptocurrency up to the $134.970 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance
The coin price on the daily chart today is currently facing resistance and trading at the $134.842 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery. Based on the outlook, should the bulls push higher and close above the $235.000 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $400.00 upper resistance level soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price Will Keep Growing
The momentum on the medium-term outlook is an uptrend; the price bar can be seen above the EMA-9 approaching the upper supply trend levels. This is due to the high impact of the buy traders in the market. The bulls’ pressure on the crypto in the past few hours has sustained the strength of the market in its recent high.
The reactions from the bulls really made the Quant price jump to a high of $134.842 supply
value above the EMA-9 and slightly below the EMA-50 as the 4-hourly session opens today. This indicates an uptrend and more commitment on the part of the buy investors.
Thus, if the bulls should increase their price action, and bullish momentum is sustained, the cryptocurrency will rise above the resistance trend lines and may likely retest the $235.000 resistance value soon.
In addition to that, the QNTUSD market price is pointing upwards on the daily stochastic, this suggests that the coin price may possibly continue in the same direction and in this case, an uptrend. This may take the coin price up to a $400.000 supply mark in the coming days in its medium-term perspective.
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