Quant Price Forecast: January 13
The Quant (QNTUSD) buying time is now as the coin bulls are pushing higher toward the upper resistance zone. Having finished the downward correction, if the coin prices sustain above $153.78, the bulls’ trend would continue upward and could even reach the $160.00 upper high level, resulting in a buying opportunity for the coin investors.
Key Levels:
Resistance Levels: $126.00, $127.00, $128.00
Support Levels: $97.00, $96.00, $95.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD bulls are pushing higher as can be seen from the daily chart below. The price is currently recovering and trades above the EMA-50 approaching the overhead resistance. This is an indication of an uptrend.
The bullish reversal at the $116.23 high value during yesterday’s action has sustained the crypto above the trend line in its recent hike in price.
The strong push by buyers to the $128.92 resistance trend line above the moving averages as the daily chart opens today shows that the bulls are pushing higher and the buying activities are rising. Thus, if the long traders could break above the $153.78 supply mark, the bearish thesis will be invalidated.
Notably, the bulls will continue pushing higher as indicated by the daily signal which is pointing in an upward direction. It is expected of buyers to push the price of Quant higher to a significant level and in this case, the target might be the $160.00 supply level soon as the bulls continue pushing higher in the higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Bulls are Pushing Higher
On the 4-hourly chart, prices are above the moving average which suggests that the bulls are pushing higher. The pair is in a smooth uptrend as can be seen from the chart below.
The increase in the momentum by the bulls at the $116.75 supply value during the past action has enabled the Quant price to stay strong above the resistance lines in its recent high.
As the 4-hour chart opens today, QNTUSD’s price rises to a $128.92 high mark above the EMA-50. This implies that the bulls are pushing higher, which could replenish the Quant market’s recovery sentiment.
In continuation, the coin price shows that the bulls will continue to push higher on the daily signal by pointing up; we can certainly expect more gains from the coin. As a result, the pair may likely reach the $160.00 resistance level soon as the bulls continue pushing higher in its medium time frame.
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