Quant (QNTUSD) Price Is Rising Again

Quant Price Forecast: January 19
The Quant (QNTUSD) price is rising again. The pair at the moment is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $227.00, the coin price may increase to a $350 high level and beyond.

Key Levels:
Resistance Levels: $230.20, $230.30, $230.40
Support Levels: $118.00, $117.00, $116.00

QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD pair is in a strong bullish trend in the long-term perspective. The price bars can be seen trading above the moving averages, this confirms a bullish momentum.
The bulls caused an increase to the $0.002094 supply value during yesterday’s session and sustained it.

The coin buyers made a bullish correction from $140.83 to the $141.87 high mark above the moving average trend lines as the daily chart opens today. This is an indication of bullish momentum. However, there is likely to be a steady increase as the coin is set for a bullish pattern continuation rally.

Meanwhile, the current price shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle. Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout from the current supply value to retest the $227.00 high level, this may eventually lead the Quant price to the $350.00 high mark in the coming days in its long-term perspective.

QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD rebounded after its downside moves. The coin is now finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.

The bulls have sustained the crypto market at the $141.80 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.

The coin price on the 4-hourly chart is currently facing resistance near the $141.37 value above the two EMAs and also approaching the retest of the previous high at the the$227.00 level.

Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.

In addition, the price of QNTUSD may likely continue its bullish waves as indicated by the daily stochastic which is pointing in an upward direction, a daily close above the $227.00 high mark could invalidate further bearish outlook and the $350.00 supply value might possibly be the target in its medium-term perspective.

Place winning Quant trades with us. Get QNT here