Quant Price Forecast: January 26
The bulls are currently in charge of the Quant (QNTUSD) market and price is likely to grow more, thus, a great opportunity for the long investors. The coin is currently trading in a strong bullish market and may likely increase further, if the bulls could push the price high and the market price sustains above the $227.00 supply value, the potential rally could surge above the $400.00 upper resistance value and beyond.
Key Levels:
Resistance Levels: $230.20, $230.30, $230.40
Support Levels: $120.00, $119.00, $118.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The price of QNTUSD is in a strong resistance zone. The market price now trades at the top part of the rising channel.
The bulls have sustained the crypto market at the $145.02 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.
The buy traders made a smooth run to a high at $145.94 value which further increases in value to the $146.80 resistance level above the supply trend levels as the daily chart resumes today. This however, reflects a high impact in the bullish commitment.
A breakout above the mentioned supply trend line will trigger this chart pattern and replenish the bullish momentum.
Further more, the stochastic oscillator indicates an uptrend, this means that the bullish trend pattern may likely continue, if the Quant buyers could hold above the $227.00 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could pump or surge upsides to hit the $400.00 resistance value soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD – Bulls Are Dominating, Go Long!
On the 4-hourly chart we can see that the price of Quant has an uptrend and is traded in an uptrend channel, so we have to look for support levels or key setups, which will enable us to enter the trade with low risk.
The successful breakout by the bulls to the $144.90 supply value during the yesterday’s session has made it possible for the QNTUSD market to retain its bullish strength.
The bulls made a smooth ride up from $145.94 level to the $146.80 resistance level above the moving average lines as the 4-hourly chart opens today. This shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now for an intraday gain.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. As a result of this, the coin price might possibly reach the $400.00 upper resistance value in the coming days in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply