Quant Price Forecast: February 3
The Quant price forecast is for the coin to strike at the $155.70 supply level in anticipation of a breakout.
Quant Long–Term Trend: Bullish (1–Day Chart)
Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30
The Quant market remains highly motivated to break the limiting level that has capped the price thus far. The market has taken support from the middle line of the Bollinger Bands to recharge itself and aim another strike at the resistance. The market needs a breakthrough beyond this level before weakness enters the market.
Quant Price Forecast: QNT/USD Outlook
The Quant market remains highly motivated to break the $155.70 barrier. It is, although there have been many tests at this resistance level since last week. Quant buyers remain resilient.
The market was intended to fall back to the $125.25 key level for support, but that has been altered, and the price is pumped up again for another test of the $155.70 resistance.
The coin has gained support from the middle line of the Bollinger Bands indicator. From here, it is preparing to shoot upwards. This is a vintage position, as the distance isn’t too far or too short for the market to make a strong impact at the resistance level.
QNT/USD Medium–Term Trend: Bullish (4–hour Chart)
The EFI power line also remains above the zero level. This has been the situation since the first week of January, on the 4th. Therefore, the buyers retain their control over the price. The market desperately wants to break the limitation and stabilize above it to push further to higher price levels.
The price is undulating through the Bollinger Bands just below the resistance level. The EFI power line is a little below the equilibrium level. The coin is positioned for another strike at the $155.70 resistance level, which will either violate the zone or create a major point of weakness that can be used later.
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