Quant Price Forecast: QNT/USD to Rebound on the $155.70 Level

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

The Quant market is looking to recover in time to rise back to test the resistance level. The price has purposely dropped to the support level to allow more buyers to come onto the market. This will strengthen the coin and make it more aggressive when rising back toward the resistance level.

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.

On the 4-hour chart, there are indications of bearishness in the market. The MACD lines have plunged deep below the zero level. During the MA period, 50 has risen above the 4-hour candlestick. Having gotten to this point, the market can only improve as it aims to rise back to the resistance level of $155.70.

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