Quant Price Forecast: January 30
QNTUSD at the moment is recovering steadily and trading in an ascending channel. Should buyers interrupt sellers, the bullish pattern may increase the coin price to rise further to a $250.000 high value which might possibly hit the $400.000 upper supply trend line.
Key Levels:
Resistance Levels: $200.300, $200.400, $200.500
Support Levels: $140.000, $130.000, $120.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair indicates an upward trend with a bullish sentiment in its long-term perspective as can be seen from the chart above, bullish momentum is accumulating on the pair right now.
The coin has been having a series of higher highs in the past few days which have sustained the growth of the market above the supply trend levels in its recent high.
The market was propelled higher by the bulls until it reached a new high at the $154.164 resistance mark above the moving averages as the daily session resumes today. This shows the level and the high impact of the buy investors on the crypto market.
Thus, if the bulls regroup and push higher, a steady rise above the mentioned supply value will accelerate the new correction phase to a significant key level in the supply area.
Further, the Quant price may likely continue in the same bullish trend as the market is pointing in an upward direction on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $400.000 supply level might be reached soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H Chart)
The momentum on the medium-term time frame (4H) is undeniably bullish. This is clear as we can see price continues to make higher highs and higher lows.
The bulls have sustained the crypto market at the $163.547 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.
The market price of QNTUSD which rises to the the$154.164 high level above the two EMAs as the the4-hourly chart opens today is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
Further, continuation to the north is likely as the bulls are seen clustering around the coin market at the present. So we can expect a steady increase in the price of Quant to reach the $400.000 resistance level as the journey up north continues in its medium-term outlook.
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