Quant Price Forecast: January 21
The QNTUSD price may likely complete the downward move to resume an uptrend soon as the crypto now trades in the oversold region. Should the bulls regroup and push higher and close above the $235.000 high mark, a bullish breakout confirmation will reflect the improved market sentiment and the target might be the $400.000 resistance value.
Key Levels:
Resistance Levels: $200.000, $200.100, $200.200
Support Levels: $118.000, $117.000, $116.000 
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD has a bullish posture in its long-term outlook, as seen from the chart above. The recent market structure has favored the bulls as the price bar can be seen above the moving average lines.
The price drop to the $129.117 low value by the bears during yesterday’s session has added to the inflow from the bears in its recent time.
The market value of Quant at the $134.968 support level above the moving averages as the daily chart resumes today is an indication that the coin is in an uptrend in the context of the strength of the market and the bulls are in dominant of the crypto market. The longer the price stays above the mentioned level, the more pressure builds up to reach a critical significant level at the upside.
Meanwhile, the QNTUSD price is pointing upwards on the daily stochastic, this suggests a price rejection at the current support level. Thus, the next recovery target might likely hit the $400.000 resistance level in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD’s Next Target is the $400.000 High Mark
The QNTUSD pair is showing a more bullish impact in its medium-term outlook. The bulls are having the market at their disposal at the moment. The trend has just resumed its rising but has not yet reached its goal. Pressure from the bulls in the past few hours has sustained the upward strength of the coin in its recent high.
The market price of Quant is currently trading at the resistance level of $134.986 above the EMA-50; this assures or confirms the bull’s gradual return to the market.
The longer the price stays above the mentioned level, the more pressure builds up
to reach a key significant level at the upside.
Additionally, the momentum indicator shows that the price signal is also moving upward in the market as we expect the price distribution to reach the $400.000 supply level and beyond sooner in its medium-term outlook.
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