Quant Price Forecast: January 31
The QNTUSD price will soar higher and the price may likely hit the $400.000 supply mark soon. The coin having rebounded will most likely continue its bullish correction and the price could go higher and hit the mentioned resistance value. If the bulls are able to break up the $235.000 high value, then we can expect a good upside momentum up to the $400.000 upper resistance value.
Key Levels:
Resistance Levels: $250.000, $260.000, $270.000
Support Levels: $128.000, $127.000, $126.000
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
The bear’s pressure on the cryptocurrency to the $149.720 support level during yesterday’s session has added to the bearish impact on the coin in its recent low.
However, the coin price at the $154.163 support value above the moving average lines as the daily chart opens today has not stale the upward performance.
If the Quant price currently exchanges hands at the $165.000 support mark, and with sustained buying pressure, it is likely to retest the $235.000 supply zone soon.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bullish correction pattern to retest the $235.000 high value which might further extend the Quant price to reach the $400.000 resistance mark soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD Price to Hit the $400.000 Supply Mark
The currency pair’s orientation trades in a bullish market in its medium-term outlook. The price bar is seen above the moving averages.
The intervention from the buy traders at the $156.149 high value in the previous action has made the coin price sustain its upward strength in its recent high.
After completing the low dips the bulls pushed the price of Quant to $154.163 above the supply trend levels. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is a possibility of a further increase in the price of QNTUSD, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $400.000 upper resistance level might be reached soon in its medium-term time frame.
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