Quant Price Forecast: February 12
The Quant price forecast is for the coin to gather enough momentum to rise back in time to test the resistance level to breach it.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $155.70, $222.70, $260.00
Zones of Demand: $42.40, $88.70, $125.25
Quant Price Forecast: QNT/USD Outlook
The Quant market has decided that after finding it difficult to rise above the $155.70 resistance, it will bring on more bulls to help strengthen it.
Therefore, the market is now pulling back to a lower price level. This will allow more buyers to enter the market at a lower price level. And this will in turn help to strengthen the market so that it will be more offensive when it reaches the resistance level.
QNTUSD is on the verge of an upturn after it drops closer to the $125.25 resistance level. The MA period 50 (Moving Average) is underlying the daily candlesticks and acting as a support to help its recovery.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The MACD (Moving Average Convergence Divergence) indicator is now closer to the equilibrium level due to the pullback of the market toward the $125.25 support level. The red histogram bars have formed on the downside of the MACD chart.
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