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

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

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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 Price Forecast: QNTUSD Aims for 5.25 as Rallying Point

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.

Quant Price Forecast: QNTUSD Aims for 5.25 as Rallying Point

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.

Place winning Quant trades with us. Get QNT here

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News