Quant Price Forecast: January 6
The Quant (QNTUSD) market price maintains a bullish momentum and this may continue if the bulls could push higher and the current support value at the $105.47 support level holds. The bullish correction phase may possibly rise to hit the $300.00 high trend line and beyond.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $115.00, $114.00, $113.00QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference from the short traders, the QNTUSD market still maintains a bullish trend in its long-term outlook. The bulls could not stop investing in the coin, so the general sentiment regarding the coin is bullish.
The sustained bullish pressure at the $109.72 resistance value in the past few days has enabled the coin to maintain its bullish trend.
The impulse move from the coin buyers to the $112.92 high mark above the EMA-9 approaching the EMA-50 as the daily session resumes today is an indication that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key supply levels.
Additionally, the market price of Quant is in an upward direction, which implies that further downsides are unlikely, we can now expect the bullish rally to continue and this may likely push the coin price to the $300.00 supply level in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the QNTUSD long-term market shows a bullish race as can be seen from the chart, bullish momentum is accumulating on the pair right now.
The trend has been trading in a rising channel for the past few hours and has since maintained the upward momentum buy yet to reach its goal.
The momentum continues today as the bulls made an increase from the $110.35 value to the $112.92 supply level above the two EMAs as the 4-hourly chart opens today. . Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Similarly, the price indicator which is also pointing up suggests that the coin is in an uptrend and the $300.00 upper resistance level may be the target sooner in its medium-term time frame.
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