Quant Price Forecast: February 13
The Quant price forecast is for the coin to find a psychological level from which it can spring up. The goal is to rise back up to retest $155.70.
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 looking for a psychological level from which to rise against the $155.70 resistance level that has thus far prevented it from reaching higher heights. Currently, the price is close to the $125.25 support level. The indicators are showing signs of stability in the market, which may suggest that a psychological level has been reached. The coin is expected to spring upward towards the resistance.
Quant Price Forecast: QNT/USD Outlook
After a period of consolidation from November to January, the market gained enough strength to intrude into the resistance levels that had kept it at bay.
The price continued its rise until it reached the $155.70 resistance. The market tried to bypass the level like previous ones, but it proved too strong for it. After a while, the market decided to retreat to a support level.
QNTUSD is therefore seeking a psychological level around the $125.25 support level to rebound back toward the resistance level. The Stochastic Oscillator lines have plunged into the oversold region but are not stalling at a point as the price awaits an upward push.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
The RSI (Relative Strength Index) line has dropped a bit below the 50 mark, but this may be as far as it will drop, and the market is close to finding a solid psychological level from where it can rally back up against the $155.70 resistance level.
The RSI line on the 4-hour chart, which has been predominantly below the zero level, is trying to find a way above it. The Stochastic Oscillator lines on the 4-hour chart are due to shoot upwards again after touching down at the oversold borderline. Once the buyers find level ground, the price will spring upward against the resistance level at $155.70.
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