Quant Price Forecast: QNTUSD Aims for $125.25 as Rallying Point

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RESULTS

Quant Price Forecast: February 9

The Quant price forecast is for the market to keep driving towards the rallying point at the $125.25 support level.

Quant Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $101.30, $125.25

Quant buyers have had a strong impact on the market in recent times. During consolidation, the price gained a lot of momentum and then broke out. All the barriers were breached until the price of the coin reached the $155.70 resistance level. It was at this point that the buyers were curtailed. Nevertheless, the market is now retreating to the immediate support level, which is a great rally point for the coin to come back to the $155.70 resistance level.

Quant Price Forecast: QNT/USD Outlook

So far, the Quant market has been exhibiting consistent bullish behavior. This began in late December 2022 and culminated on January 25th, exactly.

The peak of the bullish demonstration came when the price encountered the $155.70 resistance level. The coin has tried to force its way through, however, to no avail.

The market is now reverting to a strong rallying point at $125.25 to launch another attack at the resistance level. The price has now traded below the MA period 20 (Moving Average).

QNT/USD Medium-Term Trend: Bullish (4-hour chart)

The RSI (Relative Strength Index) line has plunged from an overbought status and is currently fluctuating around the middle line. The price itself is halfway towards reaching the $125.25 rallying level, which means the RSI will likely reach the border of the oversold region before the price begins a rally.

The RSI line on the 4-hour chart has been undulating majorly in the bearish half of its chart since it dropped below the middle line in late January. Meanwhile, the 4-hour candlesticks are fluctuating around the MA period 20 as it trends downward towards the $125.25 rallying level.

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