Quant Price Forecast: January 9
There is a possibility for the Quant (QNTUSD) pair to continue its bullish move and the price could be ready very soon for another upward move potential. If the forces from buyers in the market should increase and the current support level at $106.551 holds, the coin price may likely swing high to retest the $235.000 high value and beyond.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $106.300, $106.200, $106.100
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is losing bearish momentum as can be seen vividly from the chart above. This means that the trend is in an uptrend in its long-term view.
The price has been in a bullish rally in the past few days and from the look of it, it will keep rising further.
The market price of Quant is at a $112.052 level which further increases to the $119.000 high value above the moving averages as the daily chart opens today indicating that buyers are having the market price at their disposal at the present.
Now, if the price on the daily chart closes above the $192.689 supply level, then there is a high probability of the price going up to its recent swing high at the $235.000 value.
Furthermore, the bullish pattern will most likely continue as shown by the stochastic signal which is in an upward direction. If this is achieved, the coin price may likely reach the $400.000 resistance level in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price May Likely Continue Its Bullish Trend
The QNTUSD pair is in a bullish market in its medium-term outlook. The pair is currently trading above the supply levels.
The coin has been moving in an uptrend in past actions and has sustained the strength of the crypto in recent times.
The market price of Quant at a $113.187 low level above the moving averages indicates that the bulls are still on top of the market at the moment.
In case the bulls increase their price action, and the bullish momentum is sustained, the cryptocurrency will resume its upside momentum and the coin price might possibly retest the $235.000 supply level which may likely extend to the $400.000 resistance trend line in the day by in the medium-term outlook.
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