Quant Price Forecast: February 6
QNTUSD is set for a potential upswing as the crypto faces the positive side while making new corrections. The price tested the multiple resistance zones near $147.479 and we expect a swift increase to follow soon. The coin might jump towards the $400.000 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $200.000, $220.000, $230.000
Support Levels: $139.000, $138.000, $137.000
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the supply trend levels. This is due to the high influence of the buy traders.
The coin was able to reach a high of $165.000 level in the previous action and has enhanced the coin price to remain strong above the supply trend lines in its recent high.
The coin price is losing bearish momentum as it rises to the $147.479 resistance level above the moving averages as the daily chart resumes today. This is due to a highly bullish impact on the market.
More upsides are certain as indicated by the momentum indicator which is pointing up, this implies that the price of Quant might likely continue in its bullish correction pattern and the $400.00 high level might be the target soon in its long-time perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Sets for an Upward Move
QNTUSD pair is in a bullish momentum in its medium-term view. The trend is rising and the price can be seen above the two moving averages which are glued together indicating an uptrend.
The successful breakout by the bulls to the $151.732 supply value during yesterday’s session has made it possible for the crypto market to retain its bullish strength.
The bulls caused a rise to the $147.479 resistance level above the moving averages as the 4-hourly chart opens today. The coin market trading above the moving averages indicates that the bulls are having the market at their disposal at the present, so the bulls are in a good position to move the price of Quant further up to the $235.00 supply value.
In a like manner, the coin is pointing upward as shown by the price indicator; this means that buyers are likely to continue the trend, so we expect the price distribution to reach a significant level 0f $400.00 in the resistance area soon in its medium-term perspective.
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