Quant Price Forecast: QNTUSD Is Keen on Breaking off $155.70

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Quant Price ForecastFebruary 3

The Quant price forecast is for the coin to strike at the $155.70 supply level in anticipation of a breakout.

Quant LongTerm TrendBullish (1Day Chart)

Key Levels:
Zones of supply: $155.70, $227.70
Zones of Demand: $88.70, $101.30

Quant Price Forecast: QNTUSD Is Keen on Breaking off $155.70

The Quant market remains highly motivated to break the limiting level that has capped the price thus farThe market has taken support from the middle line of the Bollinger Bands to recharge itself and aim another strike at the resistanceThe market needs a breakthrough beyond this level before weakness enters the market.

Quant Price ForecastQNT/USD Outlook

The Quant market remains highly motivated to break the $155.70 barrierIt isalthough there have been many tests at this resistance level since last weekQuant buyers remain resilient.

The market was intended to fall back to the $125.25 key level for supportbut that has been alteredand 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 indicatorFrom hereit is preparing to shoot upwardsThis is a vintage positionas the distance isn’t too far or too short for the market to make a strong impact at the resistance level.

QNT/USD MediumTerm TrendBullish (4hour Chart)

The EFI power line also remains above the zero levelThis has been the situation since the first week of Januaryon the 4thThereforethe buyers retain their control over the priceThe market desperately wants to break the limitation and stabilize above it to push further to higher price levels.

Quant Price Forecast: QNTUSD Is Keen on Breaking off $155.70

The price is undulating through the Bollinger Bands just below the resistance levelThe EFI power line is a little below the equilibrium levelThe coin is positioned for another strike at the $155.70 resistance levelwhich will either violate the zone or create a major point of weakness that can be used later.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.