Quant Price Forecast: Bulls to Push Price Back into Consolidation

Quant Price Forecast: February 4

The Quant price forecast suggests that the market is likely to return to a consolidation phase, with strong bullish activity emerging from the $73.00 support level.

Quant Long-Term Trend: Bearish (1-Day Chart)
Key Levels:

Supply Levels: $91.80, $101.65
Demand Levels: $56.15, $73.00
After facing rejection at $165.90 in early December, the market entered a consolidation phase between $120.95 and $101.65. This range continued throughout January, but as February began, bearish pressure intensified, driving the price below the consolidation zone to the $73.00 support level. However, buyers have shown resilience at this level and are now attempting to push the price back into the consolidation range.

Quant Price Forecast: QNTUSD Outlook

Buyers have stepped in to defend the $73.00 support level, successfully reversing the price from this point. The coin now finds itself at a crucial juncture, attempting to break through the $91.80 supply level.

A failure to surpass $91.80 could allow bears to regain control. The Parabolic SAR (Stop and Reverse) dots remain above the candles due to the recent price decline, signaling ongoing bearish pressure.

Despite the recent drop, the Relative Strength Index (RSI) indicates that the market remains in a state of equilibrium, fluctuating around the 50 mark.

QNTUSD Medium-Term Trend: Bullish (4-Hour Chart)

On the 4-hour timeframe, bullish momentum is more pronounced as the price continues to test the $91.80 resistance level. The Parabolic SAR dots have now shifted below the candlesticks, suggesting a potential trend reversal.
The RSI has recovered from its oversold state and is approaching the 50 mark. Although bearish forces remain in the market, buyers are gaining strength. A breakout above $91.80 would confirm bullish dominance and help push the coin back into consolidation. Traders should monitor crypto signals for further insights into potential market movements.

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