Quant Price Forecast: QNTUSD Gravitates to the Resistance Level

Quant Price Forecast: February 17

The Quant price forecast is for the price to continue pushing towards the $155.70 resistance level in the face of all pressure.

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

Key Levels:
Zones of supply: $155.70, $222.70
Zones of Demand: $125.25, $88.70

The Quant market is now making its foray upward after rebounding off the $125.25 demand level. There has been a bit of a hitch as the price is rising, but the coin has now recovered itself and is set to continue its upward movement. This is the right moment for traders to go long on the market as the coin seeks higher price levels.

Quant Price Forecast: QNT/USD Outlook

The QNTUSD market has tested the $155.70 resistance level and has swooped downward due to being unable to immediately break the resistance.

The price was making a consistent lower-low and lower-high pattern as it swooped toward the support level. Having touched down at the support, the coin is now rising upward in a similar upward movement.

There’s been a definite momentum increase since the price took off after rebounding off the $125.25 demand level. This is shown by the rise of the blue line of the Momentum indicator.

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

On the 4-hour chart, the market is rising, however, there has been a little break in momentum, and the price drops slightly, making a higher low. The Momentum indicator line has taken a dip as a result, but the market has recovered itself to continue its ascent.

The Stochastic Oscillator lines on the 4-hour chart have taken a dip back to the border of the oversold region. However, as the price has steadied itself once again, there is a movement to the upside once again as the coin is set to continue its upward movement toward the $155.70 resistance level.

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