Quant Price Forecast: QNTUSD Bulls To Strengthen From $125.25

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RESULTS

Quant Price Forecast: February 6

The Quant price forecast is for the market to drop towards the $125.25 support level, where the buyers will strengthen themselves for another rally.

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

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

After several days of trying to break through the $155.70 barrier, there is still a lot left to be desired by Quant buyers. The market has been aggressively haggling over the resistance level, but it has not decided to receive support back at the $125.25 former resistance level. The time and space will be utilized by the bull to come back against the resistance level in another bid to break through.

Quant Price Forecast: QNT/USD Outlook

The time when the market made the most impact against the $155.70 resistance level was on the 25th of January when the market pierced through with a long wick. However, Quant dropped back below the line.

Afterward, the coin has not been able to replicate the intensity with which it first tested the resistance level. Slowly but steadily, the coin is now gravitating back toward the $125.25 level for support.

Due to the pullback, the price will momentarily drop below the zero level on the EFI (Elders Force Index) chart. The buyers will be looking to recover from the $125.25 support level.

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

The RSI has equally dipped below the middle line and may run to the border of the oversold region before it changes direction to the upside. The 4-hour chart is the advanced state of the daily chart. The RSI on the 4-hour chart has plunged to the border of the oversold region. It will most likely drop deeper before changing direction.

The EFI power line on the daily chart is already at a negative value due to the pullback the market is experiencing. This is predicted to last only for a short time before the buyers brace themselves for another assault at the resistance level. The coin will be looking to bounce off the $125.25 key level to break the $155.70 resistance level.

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