Quant Price Forecast: January 14
The Quant (QNTUSD) is positive today as it goes bullish again. The coin might remain in that direction if the bulls could add more effort and the daily chart closes above the $235.000 supply value; the next price target could be the $450.000 high trend level.
Key Levels:
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $119.000, $118.000, $117.000
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant 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 speedy action by the bulls to the $124.990 high mark on the 9th of January has sustained the strength of the crypto above the supply trend levels.
The buy traders made a strong push to the $122.226 level which further rises to the $123.000 resistance mark above the moving averages as the daily chart opens today which indicates an intraday growth and more gains for investors.
In addition, the coin market may likely continue in the same trend as the bulls are clustered around the market which is in the overbought region. We can therefore expect the QNTUSD price to hit a high at the $450.000 level soon as we watch the bulls dictating the market in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Remains Bullish, Buy!
QNTUSD is showing a more bullish impact in its lower time frame. The bulls are having the market at their disposal at the moment. However, a high retest to the breached $117.758 supply suggests strength in bullish momentum.
An increase in momentum by the bulls to the $122.000 supply value in the previous action has sustained the crypto’s bullish trend in its recent time.
The bulls actually hit the resistance level of $122.226 above the moving average lines as the 4-hourly chart resumes today. This is an indication that the bulls are actually investing in the coin as they aim to drag the price further to a significant level in the overhead supply level.
Trading above the moving averages will enable the market value of Quant to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $450.000 resistance level might be reached soon in its medium-term perspective.
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