Quant Price Forecast: January 27
Quant is positive and remains strongly in an uptrend today. The coin might continue in that direction if the bulls could add more effort and the price closes above the $235.000 previous supply level, the coin might further extend to a $500.000 upper high level and beyond.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $130.000, $129.000, $128.000
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD‘s price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
The bullish reversal at the $144.700 high value in the previous action has sustained the crypto above the trend line.
The buy traders made a strong push with a long candle up from the $154.841 value to the $156.185 supply level above the moving average lines as the daily chart opens today. This indicates an uptrend in the context of the strength of the market also an intraday growth and more gains for buyers. Further, the rising
prices reclaimed more confirmation for a bullish recovery.
In addition, the coin market may likely continue in the same trend as the bulls are clustered around the market indicating an upward direction on the daily stochastic.
We can therefore expect the Quant price to hit the $500.000 supply level soon as we watch the bulls dictating the market in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Remains in an Upward Trend
The coin is now displaying a strong bullish posture in its medium-term outlook. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls to the $153.000 supply value during yesterday’s session has enabled the Quant price to stay strong above the resistance lines.
The bulls made an aggressive move up to the $151.903 level which further rises to the $154.841 resistance level above the moving averages shortly after the 4-hourly chart opens today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of QNTUSD to keep pushing up and likely stay longer in that trend. Therefore, if the bulls should add more aggression to their activities in the market, the $500.000 resistance level might be reached soon in its medium-term outlook.
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